Shekel Mobility Company Research Report

Company Overview

Name: Shekel Mobility

Mission: To simplify operations for auto dealerships by building a simpler, faster, and smarter solution across emerging markets, enabling opportunity growth within industries where access is limited.

Vision: To create the world's largest and most inclusive auto dealership ecosystem in Africa and beyond, powered by technology.

Established: No information is available.

Founders:

Sanmi Olukanmi, Co-founder

Ben Oladokun, Co-founder

Valentine Mayaki, Co-founder/CTO

Key People:

Valentine Mayaki, Co-founder/CTO

Seun Okunfolami, Chief Product Officer

Headquarters: Nigeria

Number of Employees: No information is available.

Revenue: No information is available.

Notable For: Empowering auto dealers through its B2B marketplace and management system, providing financial and management services such as credit facilities, and automating business operations within an ecosystem built for end-to-end security.

Products

Shekel Credit

Description: A financing service providing inventory credit for auto dealerships. It allows dealers to focus on selling cars by offering easy access to capital.

Key Features:

Instant credit access up to $200k

Flexible repayment terms with loans repayable in 45 days

Use purchased cars as collateral, negating the need for personal assets

Ability to request multiple loans within the credit limit

Shekel Business

Description: A comprehensive platform for managing dealership operations, from vehicle acquisition to sales.

Key Features:

Unified platform for inventory management, invoicing, and sales

Digital storefront setup for online sales

Tools to expand sales networks and improve market visibility

Real-time transaction management

Shekel Pay

Description: A payment processing system ensuring all transactions are seamless and unified.

Key Features:

Fast setup with secure account creation

Integrated platform for handling all business payments

Options for bill payments such as airtime, data, and cable subscriptions

Escrow services ensuring fast and secure transactions

Recent Developments

Recent Product Launches: No information is available.

New Features: Recently introduced the "Edit Loan Amounts" feature, enhancing ease of use for dealers.

New Partnerships: No information is available.

Customer Impact and Testimonials

Shekel Mobility has significantly enhanced customer business operations by increasing transaction volumes and providing seamless support.

Customers like TGLE Cars and Oladon Autos have reported expanded business operations and increased sales volume.

The fast and easy onboarding process has been beneficial for several dealers, enhancing access to inventories and funds.

Metrics

Shekel Dealers: 1,315

Cars Traded: 3,942

Powered Transactions: $50,000,000

Contact Information

Email: help@shekelmobility.com

Phone:

+234 909 233 8000

+234 703 381 9392

Address: Nigeria

Conclusion

Shekel Mobility is leveraging technology to create an impactful and inclusive auto dealership ecosystem. By providing tailored financial solutions and dealership management tools, Shekel is empowering car businesses across emerging markets, particularly in Africa, to thrive and expand.