Kenyan startup, Sokompare, has launched its peer-to-peer marketplace for automobiles, enabling users to easily buy, sell, insure and finance their vehicles.
The company has already managed to acquire 150 car dealers as users, and it is listing approximately 7,000 vehicles on its platform.
Chief executive officer and co-founder Viral Shah said that Sokompare has just come out of its beta testing stage, and is the one-stop-shop for anything which is related to cars in Kenya.
Shah said that there are big players in the online auto business, but that Sokompare's approach has gone one step ahead, offering complementary and services.
“We offer better services, such as special offers and price comparison, while we are also building a trusted seller portal for the more risk conscious users. We will also offer live insurance comparison within the next couple of weeks, and we are already offering financing opportunities,” said Shah.
“The journey so far has been absolutely rewarding. Our web platform is intuitive and we’re always improving the platform to make it even more so,” he concluded
According to Disrupt Africa, Sokompare has raised an undisclosed amount from strategic angel investors, with Shah saying it has world class advisors on its board.
Sokompare is only operating in Kenya so far, with a long-term strategy to enter other East and West African markets over the next seven years.