South African startup DentX has raised ZAR1 million (US$68,000) in angel funding to introduce a new data-driven vehicle repair pricing platform that changes the way vehicle owners and insurance partners source quotes for repairs.

Here Is The Deal

• The ZAR1 million new funding came from angel investors Frederik Gerner and Bas Hochstenbach, founders of the entrepreneurial investor team E4EAfrica.
• The startup intends to use the funding to roll out its platform. 
• DentX hopes its platform will be available across Gauteng via web and apps in December, and from February 2020 in Cape Town, Port Elizabeth, Bloemfontein and Durban.

Why The Investors Invested

“We know the DentX team very well now, having mentored them since they got selected for the Akro accelerator. We are very confident in the team, and in their business plan” said angel investor Frederik Gerner.

What DentX Does

DentX, a participant in this year’s inaugural Akro accelerator programme in Cape Town, was founded by Jonathan Asiamah, Benjamin Hinson and Nolo Mokoena, and helps users fix their cars at competitive rates.

“We’re disrupting the panel beating industry by doing away with processes that are time consuming and frustrating to the customer, by providing competitive quotes and quality services to our customer base,’’Asiamah said. ‘‘Our new technology and fresh approach creates a frictionless digital vehicle repair pipeline that gives vehicle owners the peace of mind they deserve.”

Asiamah said fixing a car was a stressful and costly process, with DentX built to solve the problem.

“We believe in getting the job done right, the first time, which means bringing only the best industry accredited panel beaters together to take care of the cars in a manner that makes the owners feel like it is brand new all over again. We have dealt with so many vehicle owners who appreciate the convenience we’ve introduced in the repair quote sourcing process and the affordable prices we’ve sourced,” he said.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based Lawyer with special focus on Business Law, Intellectual Property Rights, Entertainment and Technology Law. He is also an award-winning writer. Working for notable organizations so far has exposed him to some of industry best practices in business, finance strategies, law, dispute resolution, and data analytics both in Nigeria and across the world