Nigeria’s retail giants specialized at selling tokunbo cars Cars45 has received a $5million funding.
Image credit: Vimeo

According to reports, Cars45 received the $5million funding I’m series from  Frontier Cars Group supported by Balderton Capital, EchoVC, and TPG Growth.

Cars45 co-founder Etop Ikpe, said he is delighted to get such support in the industry. He further added that Cars45 aims of ensuring limited difficulties when trying to sell off a used cars.
“The used-car market in Nigeria is generally a big hassle. There’s so much mistrust, no vehicle history, and not much of a structured dealer network. We’ve created something that changes all that, offering transparency, speed, convenience, and safety, in a highly frictional and opaque market.”   Etop Ikpe, Cars45 CEO.
Cars45 was founded in 2016 by Etop Ikpe with Iyamu Mohammed, Sujay Tyle, and Peter Lindholm as co-founders. 

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