Shekel Mobility
Shekel Mobility, a fintech company based in Lagos, Nigeria, and San Francisco, USA, offers a comprehensive platform for auto dealerships to manage operations, trade cars, and access credit.
Company Overview
Shekel Mobility, previously known as Shekel Mobility Limited, operates within the fintech industry. The company is headquartered in Lagos, Nigeria, with an additional location in San Francisco, USA. Their team comprises 18 members who focus on providing innovative fintech solutions specifically designed for auto dealerships. Shekel Mobility was part of the Winter 2023 Y-Combinator batch.
Services
Shekel Mobility offers a comprehensive all-in-one platform tailored for auto dealerships. The platform enables dealerships to access credit, trade cars, and manage various business operations seamlessly. Additionally, the company provides inventory financing services to help auto dealerships manage their vehicle stock and optimize their operations. The platform is accessible on both iOS and Android devices, ensuring convenience and ease of use for its clients.
Fintech Industry
Shekel Mobility operates within the fintech sub-industry, focusing on financial solutions for the automotive sector. The company's innovative approach integrates financial services with auto dealership operations, addressing unique pain points such as credit access and inventory management. This niche positioning within the fintech industry highlights Shekel Mobility's specialized expertise and tailored service offerings.
Global Presence
Shekel Mobility has a growing presence in significant regions including Nigeria, the United States of America, and broader areas in Africa and North America. With its strategic locations in Lagos and San Francisco, the company taps into diverse markets, providing specialized fintech solutions tailored to regional needs. This international approach enhances their ability to cater to a wide range of auto dealership clients.
Funding and Partnerships
Shekel Mobility has successfully secured $7 million in funding aimed at empowering auto dealers. This significant financial backing underscores investor confidence in the company's business model and growth potential. Additionally, Shekel Mobility partners with various brands to expand its service offerings and provide comprehensive solutions to its clients. These partnerships play a crucial role in bolstering the company's market presence and operational capabilities.
