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

RandomStartups

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.

Don’t miss any tech news ever!

We don’t spam! Read our privacy policy for more info.

288 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.
Articles
Related posts
Startups

Nigerian crypto startup - Bitmama - in talks to acquire Payday

1 Mins read
Nigerian cryptocurrency exchange platform Bitmama is engaged in discussions to acquire fintech startup, Payday, in a deal reported to be valued at…
ArticleMobileNewsRandom

Oligopoly Concerns: NATCOMS Begs NCC To Halt MTN’s Move To Acquire 9mobile?

2 Mins read
In a dynamic and rapidly evolving sector like telecommunications, regulatory interventions can significantly impact the competitive landscape. Striking the right balance between… Like this:Like Loading...
ArticleRandomTechpreneur

Cryptocurrency: 3 Cryptos To Consider With 500x ROI Potential

2 Mins read
Amidst the waves Cryptocurrency has made since its inception, the industry has remained a mystery to some people due to its intangibility… Like this:Like Loading...
Newsletter Subscription

🤞 Don’t miss any update!

We don’t spam! Read more in our privacy policy

Join our Telegram channel here - t.me/TechpadiAfrica

Leave a Reply

%d