Photo credit: Tribune

Cars45 merges with Jiji

A technology-enabled automotive trading platform, Cars45, has announced merger with Jiji, an e-commerce platform for its operations in Nigeria, Ghana and Kenya.

Speaking on this development yesterday in Lagos, The Chief Executive Officer, Cars45, Soumobroto Ganguly explained that the merger with Jiji would offer a new level of trade experience for auto buyers, sellers, and dealers across the three countries.

“We are coming together as one entity, and we are hoping to develop this business (the merger) across Africa.

“Our business is complimentary, they (Jiji) have a good database of listings, merchants, sellers, dealers,” he said.

“They have powerful performance management in Nigeria to generate leads. We (Cars45), on the other hand, have a strong transaction side in terms of bookings and inspections for closing transactions. We hope to combine offerings with all kinds of users and stakeholders.” he said.

Ganguly further said a decision on rebranding would be taken later as Jiji is also into electronic appliances, properties, consumer products, among others.

In his remarks, Yuliy Shenfeld, Jiji Africa director, said, “We want to transform the market of buying and selling of cars with Cars45, which will have to go through inspection first before listed on Jiji.

“The inspection will cover both the technicality and legal area, which is the database about the history and documentation of the car.

“On Cars45, you can sell your car in less than one hour. Now Jiji sellers will also benefit from this, and they can use more than 100 locations of Cars45.

“All cars on Jiji will now have an inspected report, and buyers will be able to choose the right car very easily without any trust issue, and this is a gap we are trying to achieve with this merger.”

Maxim Makarchuk, investor relations manager at Jiji, said the goal of the merger is to bring value to the end-users and create a one-stop solution for buying cars in the most convenient way for customers

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