“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.