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Shekel Mobility Raises $7M to Drive B2B Auto Dealer Empowerment in Africa 🌍🚗 💰

Shekel Mobility Raises $7M to Drive B2B Auto Dealer Empowerment in Africa 🌍🚗 💰

#financial services
#funding
#b2b
#mobility
Unlocking the potential of the $30 billion African used car market, YC-backed Shekel Mobility secures $7 million, aiming to quadruple its ARR and revolutionize auto dealer financing. 🚀📈

Shekel Mobility, a B2B auto dealers marketplace, has raised over $7 million, including $3.2 million in equity and over $4 million in debt. Co-founded by Benjamen Oladokun and Sanmi Olukanmi, the startup aims to empower small car dealers in Africa by providing affordable financing solutions. The flagship product, Shekel Credit, offers immediate access to financing, with plans to introduce Shekel Business, digitizing informal trading processes within the auto dealership vertical. The funding, co-led by Ventures Platform and MaC Venture Capital, will propel Shekel Mobility's expansion and the introduction of new offerings. 🌐💼📈


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