New post Need visibility? Apply for a FREE post for your Startup.  Apply Here


Shekel, Mobility Fintech Startup, Raises $1.95M In Pre-Seed Round

1 Mins read

“Our goal is to ensure that every auto dealer in Africa and other emerging markets is able to access the right kind of capital to maximize the opportunities available”. As it stands, we have enabled local dealerships to grow their businesses 3x and we are pumped with a passion to see this grow exponentially”
– Benjamin Oladokun, CBO and co-founder of Shekel Mobility.

Shekel Mobility Fintech

Shekel Mobility fintech startup launched operations in January 2022 and set out to build the largest Auto dealership ecosystem powering $10 billion dollars by the year 2025. since its inception, Shekel mobility fintech has grown to power $19M+ worth of transactions with over 1,000 dealers in their ecosystem. This traction, coupled with the validity of their business solution has gotten them selected for the Y Combinator Winter 2023 Batch.

Shekel Mobility offers a simpler, smarter, and faster way to launch and grow your car dealership locally or virtually. It offers a simplified finance and operations platform for auto dealers: enabling them to grow sustainable businesses.

Shekel Mobility Seed Funding

Shekel Mobility raised $1,950,000 in an over-subscribed pre-seed round. The funding round was led by Ventures Platform with participation from other strategic investors including Y Combinator, Voltron Capital, Zedcrest and other angel investors.

The company said it will use the funds to expand operations globally.

144 posts

About author
We are the same, we may only be different in our experiences, values and exposures. Technology is a big part of my experience, learning is one of my values and writing my credible means of exposure.
Related posts
Artificial IntelligenceNewsRandom

Google Set To Launch Its Own AI Chatbot To Face Off ChatGPT

1 Mins read
The euphoria of ChatGPT has continued to send shivers up and down the technology space since its release in November 2022. Launched…
Now you knowRandomStartups

Web3 Startup ValuesCo Raises $2.7M In Seed Funding

1 Mins read
Web3 technology continues to gain traction within the technological space with the surge in adoptions and the emergence of many startups building…
Now you knowRandomStartups

San Francisco Crypto Integration Platform Hatchfi, Raises $1.2M In Pre-Seed Funding

1 Mins read
Founded in 2022 by Carlos Feliciano and Casey Wilcox, Hatchfi is a San Francisco crypto integration platform that allows users to seamlessly…
Get powered up with Techpadi Newsletter

Be the first to know what's happening in the African tech space

Leave a Reply