Kenyan Used-Car Marketplace Peach Cars Secures About $4 Million in Debt Financing

Kenyan used-car marketplace, Peach Cars, has secured about US$4 million (~ KSh 517 million) in debt financing from Japan Finance Corporation (JFC) and Shoko Chukin Bank, giving the company additional capital to expand its vehicle inspection, financing, and marketplace operations.

• •The debt financing follows the US$11 million Series A round that Peach Cars raised in June 2025, one of the largest funding rounds for an African mobility company.
• •The Series A was led by Suzuki Global Ventures, with participation from Japan Bank for International Cooperation, Gogin Capital, and University of Tokyo Edge Capital Partners.
• •The latest financing brings further Japanese capital into a company seeking to formalize Kenya's fragmented used-car market, where buyers have traditionally had limited information about vehicle condition, pricing, and ownership history.

Peach Cars, founded in 2020, currently has more than 1,500 vehicles listed on its platform. The company combines vehicle inspections with sales, financing, logistics and other services intended to reduce the risks involved in used-car transactions.

The company uses a 225-point inspection system to assess vehicles before they are sold. Its model is aimed at addressing a particular problem in the Kenyan market, where most used vehicles are imported, predominantly from Japan, but buyers often have limited visibility into a vehicle's condition before purchase.

Peach Cars was founded by Kaoru Kaganoi and Zachary Petroni and initially focused on bringing greater transparency to used-car transactions. Its business has since expanded into a broader marketplace that generates revenue from commissions, inspections, title transfers and financing-related services.