Nigeria’s Cars45 closes $5M round to digitize Africa’s used autos markets

Africa’s startup boom is moving into the used-vehicle space. Nigeria based Cars45.com raised a $5 million Series A round from the Frontier Cars Group, a holding company whose backers include Balderton Capital, EchoVC, TPG Growth, and NEA. Cars45 will deploy the capital to improve its platform that buys, sells, prices, and rates the condition of pre-owned autos. “The used-car… Read More