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Shekel Mobility
AddedMar 17, 2024
UpdatedJul 3, 2026
Shekel Mobility

Shekel Mobility

Seed

Auto marketplace & financial services for African dealers, enhancing sales & operations.

HQ
Lagos, Lagos, NG
Founded
2022
Accelerator
Y Combinator logoY CombinatorW23
Overview
Compare
Fundraising
Employees
News
Website

Founded with the mission to revolutionize the African auto dealership market, Shekel Mobility offers a comprehensive B2B marketplace designed to help car dealers find, finance, and sell vehicles more efficiently. The platform aims to build the largest auto dealership ecosystem in Africa, facilitating $10 billion in transactions annually. Shekel Mobility provides various services, including credit access, car trading, and business management tools, all accessible via mobile devices, targeting the $30 billion African used car market.

Notable figures affiliated with Shekel Mobility include key investors who have contributed to the company's growth, such as those involved in their recent $7 million funding round. The company has achieved significant milestones, including empowering numerous auto dealers and enhancing their operational capabilities. By streamlining the buying, financing, and selling processes, Shekel Mobility has made a substantial impact on the African auto industry, driving economic growth and improving market efficiency.

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Shekel Mobility - Quick Facts

Who are Shekel Mobility's competitors?

Companies similar to Shekel Mobility include Autority.io, Rima AI, MarketForce and Nexu.

When was Shekel Mobility founded?

Shekel Mobility was founded in 2022.

Where is Shekel Mobility's headquarters located?

Shekel Mobility's headquarters is located in Lagos, Lagos, NG.

When was Shekel Mobility's last funding round?

Shekel Mobility's most recent funding round was for $3.2M (USD) in November 2023.

How much has Shekel Mobility raised to-date?

As of Nov 13, 2023, Shekel Mobility has raised a total of $8.7M (USD).

How many employees does Shekel Mobility have?

Shekel Mobility has 30 employees as of Feb 24, 2024.

Shekel Mobility - Classification

Ownership
  • Private
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • Africa
Model
  • Platform
Revenue
  • Recurring
  • Transactional
Customer
  • Small Business
Main Product
  • Financial Services
  • Marketplace
Tags
  • Financial
  • Marketplace
  • SaaS
NAICS
  • 520000Finance and Insurance
SIC
  • 6000Depository Institutions