Shekel Mobility Analysis: $2M Raised
What is Shekel Mobility?
Shekel Mobility runs a B2B marketplace and management system for auto dealers in Africa and emerging markets. The platform combines dealer financing, inventory sourcing, logistics, and business management tools for buying, selling, and fulfilling vehicle trades. Its Shekly checkout product handles cross-border payments, financing requests, compliance checks, and shipping triggers for dealers and suppliers.
Location
Lagos, Nigeria
Employees
11-50
Founded
2022
Revenue
$2M
Investors
- Ventures Platform
- MaC VC
- Y Combinator
Product Features & Capabilities
- Shekel Credit, financing options for auto dealerships, Shekel Business, management of dealership operations, Shekel Pay, seamless and secure payment processing.
How much Shekel Mobility raised
1: - $1.95 million
25 months agoLead Investor: Not specified in the sources.
Who are the founders of Shekel Mobility
Business Model
B2B marketplace for auto dealers, generating revenue through financing and transaction fees.
Competitors Overview
Shekel Mobility operates in the automotive technology platform market, primarily serving auto dealers with a comprehensive mobile platform for inventory financing, business operations management, and secure payment processing. Its main competitors include:
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Moove: A venture capital-backed company based in Amsterdam, Moove provides financing solutions for vehicle acquisition, focusing on empowering mobility entrepreneurs. Its advantage lies in its strong backing and innovative financing models tailored for the mobility sector.
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Cars45: This company specializes in the buying and selling of used cars, offering a platform that simplifies the transaction process for dealers and consumers. Cars45's notable advantage is its established presence in the used car market, providing a robust network and streamlined operations.
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Aurora Labs: Focused on automotive software development, Aurora Labs offers solutions that enhance vehicle software management and security. Its unique selling point is its self-healing software technology, which optimizes automotive software performance and security.
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ContaAzul: A Brazilian company that provides management software for small businesses, including auto dealers. Its advantage is its user-friendly interface and comprehensive financial management tools tailored for local markets.
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Pocketnest: While primarily a financial wellness platform, Pocketnest offers tools that can be beneficial for auto dealers in managing their finances and customer relationships. Its advantage is its focus on financial education and customer engagement.
These competitors vary in their specific offerings and market focus, with Shekel Mobility distinguishing itself through its all-in-one mobile platform designed specifically for auto dealers.
Market Focus
Shekel Mobility primarily focuses on the automotive technology industry, specifically providing a platform for auto dealers to find, finance, and sell cars, along with facilitating inventory financing and business operations management.
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