Shekel Mobility

What Shekel Mobility does

Shekel Mobility is a Nigeria-based B2B marketplace and dealership management software company serving auto dealers across Africa. Its platform connects African dealers with global vehicle exporters (US, Japan, Europe) and offers inventory financing of up to 70% of vehicle value (45-day standard tenure), import funding, customs/clearing funding, and a SaaS suite for inventory, CRM, team, and invoicing management. The product surface spans seven modules: Inventory Sourcing, Lending and Fulfillment, Business Management, Showroom (online marketplace), and Co-Sell (dealer-agent collaboration), plus two branded sub-products - Shekly for cross-border TradeOps (FX, payments, credit, logistics, Buy Now Pay on Arrival) and Shailoq for AI-powered valuation, demand prediction, pricing, image enhancement, and chat.

The company monetizes through four revenue streams: interest on credit facilities extended to dealers, marketplace commissions on facilitated trades, processing fees on Shekly cross-border payments and FX, and subscription access to business management tools. Pricing is quote-based and not publicly disclosed. GTM is hybrid: sales-led (field and inside sales targeting African dealerships) layered with product-led self-serve onboarding via web and native iOS/Android apps, an online showroom, and content marketing through its "Shekel Auto Stories" blog.

The platform reports 2,349+ dealers, 14,110+ cars traded, and $258.9M+ in powered transactions. Backed by Y Combinator, with a $7M Series A in November 2023 led by Ventures Platform and MaC VC and prior seed rounds from Ventures Platform, Voltron Capital, Zedcrest, UAC Nigeria, VFD Group, and others. Operations are headquartered in Lagos (14, Oroleye Crescent Opebi) with active import funding support extended into Kenya and a recent distribution partnership into the Spanish retail market. The company is led by co-founders Sanmi Olukanmi (Co-founder/CEO) and Ben Oladokun (Co-CEO), alongside Valentine Mayaki (CTO) and Seun Okunfolami (CPO), with a stated headcount range of 11-50 employees.

Name

Shekel Mobility

Legal name

Shekel Mobility Limited

Website

https://shekelmobility.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Shekel Mobility is a Lagos-based B2B marketplace and dealer management software company that provides African auto dealers with inventory financing (up to 70% LTV), cross-border trade infrastructure, AI-driven pricing and valuation, and SaaS tools for inventory, CRM, and invoicing.

Ownership category

akta.pro rank

Product category

Auto Dealership Management Software

SIC

Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies (5010), Wholesale-Computers & Peripheral Equipment & Software (5045)

akta.pro primary industry

B2B Marketplaces & Wholesale Platforms (BPAMAGAD)

akta.pro secondary industries

Cross-border B2B/Wholesale Trade Marketplaces (CRAFAJAC), Wholesale Dropship & Bulk Import/Export Sourcing Marketplaces (CRAFAHAO)

Keywords

• Auto dealership software
• Dealer financing platform
• Cross-border auto trade
• Inventory management software
• Vehicle marketplace

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Credit Facilities Interest: Interest revenue from dealer financing including inventory funding (up to 70% of vehicle value), import funding, and clearing funding. Standard loan tenure is 45 days with potential extensions.
2. Marketplace Transaction Fees: Platform fees from facilitating vehicle trades between dealers, agents, and global suppliers through the marketplace.
3. Business Management SaaS: Subscription-style access to inventory management, CRM, team management, and invoicing tools for dealers.
4. Shekly Payment Processing: Processing fees for cross-border payments, FX conversions, and integrated logistics through the Shekly infrastructure.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Shekel Mobility operates a B2B marketplace and dealership management platform for Africa's auto trade, connecting global vehicle suppliers (from the U.S., Japan and Europe) with African auto dealers. The platform bundles inventory sourcing, inventory and import financing (up to 70% of vehicle value, 45-day standard tenure), AI-powered pricing and demand intelligence, cross-border payments and FX, logistics support, and an online showroom for dealers. It also sells Shailoq (an AI assistant for valuation and pricing) and Shekly (cross-border TradeOps infrastructure) as distinct branded offerings.

Product overview

Shekel Mobility is a B2B marketplace and dealer management system for Africa's auto trade. The platform connects global suppliers and African dealers with financing, logistics, and digital tools. The core platform is supported by specialized products including Shekly (TradeOps infrastructure for cross-border payments, credit, and logistics), Shailoq (AI-powered valuation and vehicle intelligence), Inventory Sourcing (dealer networks and global marketplace), Lending and Fulfillment (inventory funding, import funding, clearing funding), Business Management (inventory, team, and customer management), Showroom (online vehicle marketplace), and Co-Sell (dealer-agent collaboration).

Differentiator

Problem solved

Functional benefit

Brands

• Shekly: TradeOps infrastructure for Africa's auto trade. An embedded plugin for global suppliers to offer financing, payments, and fulfillment at checkout. Features include dealer wallets, real-time FX and pricing, unified checkout, and Buy Now Pay on Arrival functionality.
• Shailoq
• Showroom
• Co-Sell

Products and services

• Shekel Mobility Platform B2B marketplace and dealer management platform connecting global vehicle suppliers (U.S., Japan, Europe) and African auto dealers, with inventory sourcing, financing, business management tools, an online showroom and a Co-Sell network. Targeted at African auto dealers and global exporters seeking to access African dealer demand.
• Shekly TradeOps infrastructure that unifies cross-border finance, FX, credit and logistics for Africa's auto trade. Embedded into supplier checkouts so dealers can pay, get credit and receive vehicles in a single flow, including dealer wallets, real-time FX pricing, unified checkout and Buy Now Pay on Arrival. For global vehicle suppliers and African dealers handling cross-border vehicle purchases.
• Shailoq AI assistant that uses real-time data and machine learning to predict demand, recommend prices and guide trade decisions. Includes an AI-powered valuation engine, vehicle finder, vehicle sale assistant, chat interface, generative listing content (captions, titles, templates), and computer-vision image enhancement (background cleanup, lighting correction, watermarking). For auto dealers sourcing, pricing and selling vehicles.
• Showroom Online vehicle marketplace where dealers list verified cars with detailed specifications and connect with buyers, with customizable dealer websites, instant listings and integrated market reach. For dealers wanting to sell vehicles online beyond their physical lots.
• Shekel Mobility Mobile App Native iOS and Android applications giving dealers on-the-go access to the Shekel Mobility platform for inventory, financing and operations. Available on the Apple App Store (id1659802149) and Google Play (com.shekel.app). For dealers and agents managing their business from mobile devices.
• Lending and Fulfillment (Inventory, Import and Clearing Funding) Dealer financing service offering up to 70% funding on approved inventory (45-day standard tenure, up to $200k instant financing for qualified dealers), import funding for vehicles sourced from the U.S., Japan and Europe, and clearing funding to cover customs and logistics. Asset-backed with GPS vehicle tracking. For auto dealers across Africa needing working capital to source, import and clear vehicles.

Quantifiable outcome

• Dealer inventory increased by 60%+ (from 3-5 cars to 8-10 cars)
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability7 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Logista StratorcoreChannel Partner/ Reseller/ Distributor · 10 February 2026Distribution partnership to bring Innovendi Elite autonomous sales solution to Spanish market targeting tobacconists and retail sector. Represents Shekel's market expansion beyond Africa into European markets.
• PaystackcoreTechnology or IntegrationPayment processing partner integrated into Shekel Mobility platform for handling dealer transactions and wallet settlements.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Customer concentration

• Xx.com/shekelmobility
• LinkedInlinkedin.com/company/shekel-corporation

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds6 records

Investors18 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shekel Mobility