Shekel Mobility
What it does
Shekel Mobility is a Nigerian B2B marketplace and mobility fintech startup for auto dealers, founded in 2022 by Benjamen Oladokun and Sanmi Olukanmi (Y Combinator W23 batch). The platform helps car dealers find, finance, and sell used cars in Africa's $30B used car market. Shekel raised a $1.95M pre-seed round and subsequently a combined $7M in funding ($3.2M equity + $4M debt), and has financed over $250M worth of vehicles across 14,000+ cars for 1,000+ dealerships.
Asset financing / leasingSME / business lendingInvoice financing / factoring
Known for
- B2B auto dealer marketplace in Africa
- Y Combinator W23 batch
- $250M+ in vehicles financed
- 14,000+ cars financed across 1,000+ dealerships
- $7M total funding (equity + debt)
Model & industry
Marketplace / Aggregator modelEmbedded FinanceLogistics & Mobility
Funding history
$8.9M
Total raised
2
Rounds
Pre-seed
Latest stage
2023
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2023-11 | Seed | $7.0M | Ventures Platform, MaC VC |
| 2023-01 | Pre-seed | $1.9M | Ventures Platform |
Source: Condia Funding Tracker
Products & subsidiaries
Shekel Marketplace · B2B Marketplace