Cars45 is disrupting Africa’s used car industry by bringing a world-class buying & selling experience to Nigeria.
After founding a series of technology ventures, including 3-Stitches (Nigeria’s first fashion e-commerce website) and holding top management positions in DealDey and Konga, Etop was determined that his next venture would have an inherently defensible model. He decided to tackle the used car market because of the large ticket sizes, long customer lifetimes and potential for repeat transactions.
Since launching in 2016, the company has sold nearly 10,000 cars through its online auction platform, and has quickly emerged as the go-to channel for Nigeria’s aspiring middle class as they buy and sell their used cars.
Current Company: Cars45
Industry: Retail and Consumer Tech
ISP Selected: 83rd ISP (Athens – October 2018)