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Shekel Mobility

YC W23

Lagos, NG · Founded 2022 · 18 employees · 15 known investors

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Shekel Mobility is a B2B marketplace and management system that provides auto dealerships with financial services (including credit facilities), operational automation, and cross-border transaction capabilities across emerging markets.

Also known as Shekel Corp · Shekel Mobility Limited

B2B MarketplacesFintechMobility & TransportationB2BNeobankNigeriaUnited States of AmericaAfricaAmerica / Canada

Founders & leadership· Y Combinator alumni (W23)

Shekel Mobility was founded in 2022 by Benjamen Oladokun, Valentine Mayaki, and Sanmi Olukanmi.

BOBenjamen Oladokun
Benjamen OladokunFounderBenjamen founded his first company at age 17 and has led teams developing mobility products in sub-Saharan Africa. He founded Shekel Mobility.
VMValentine Mayaki
Valentine MayakiFounderValentine Mayaki is a software engineer with over a decade of experience building applications across fintech and other sectors. He previously worked at Nextravel and Andela.
SOSanmi Olukanmi
Sanmi OlukanmiCo-FounderHe has founded and exited multiple automotive ventures over the past decade, with experience in sourcing, business strategy, and growth. He studied Engineering Physics at Obafemi Awolowo University.
SO
Seun OkunfolamiChief Product OfficerSeun Okunfolami is Chief Product Officer at Shekel Mobility, where he leads product and engineering teams building lending and payment products across multiple markets. Previously, he co-founded Crave Daniels, a product-strategy consultancy, and held product leadership roles at Crowdbotics and Digital Connect, with experience scaling embedded-finance platforms and SaaS tools.

Investors · 15

MaC Venture Capitallisted by MaC Venture CapitalLos Angeles · $1M – $4M

How we know: MaC Venture Capital's portfolio page · techcrunch.com · the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

Maiora Rebel Ventureslisted by Maiora Rebel Ventures

How we know: Y Combinator's founder network · Not right? Tell us

Pioneerlisted by PioneerToronto, Ontario

How we know: pioneerfund.vc · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

Rebel Fundlisted by Rebel FundSan Francisco · $100K – $5M

How we know: techcrunch.com · Y Combinator's founder network · rebelfund.vc · Not right? Tell us

Ventures Platformlisted by Ventures PlatformAbuja · $50K – $1M

How we know: techcrunch.com · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · funding news · techcrunch.com · open dataset · 5k.vc investor directory · Not right? Tell us

HeirloomreportedBrookhaven

How we know: Y Combinator's founder network · Not right? Tell us

Syntax Capitalreported

How we know: Y Combinator's founder network · Not right? Tell us

Unpopular VenturesreportedMiami · $100K – $500K

How we know: techcrunch.com · Not right? Tell us

Also in the syndicate · 5

Heirloom VCMaiora CapitalPageOne Lab Inc.Phoenix Investment ClubPioneer Ventures

Funding

SEC filings, press & company announcements

$1.9M disclosed across 1 of 4 rounds · 2023

Source: company announcements and press reports — follow each round's link for the claim.

The YC application· Winter 2023 batch

What they told YC

Describe what your company does in 50 characters or less.
The company describes itself as a neobank and trading platform for car dealerships.
How long have each of you been working on this? How much of that has been full-time? Please explain.
The founders have worked on the company for over 20 months, part-time for the first 15 months before all moving to full-time.

Summarized from the founders' answers on their Y Combinator profile.

Images

Shekel Mobility photo

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CarddaCardda provides corporate spend management through virtual and physical cards, automated payments, and real-time expense visibility for businesses across industries. The platform centralizes expense control, invoice management, and financial operations for teams of any size.
VaultPayVaultpay is a mobile banking application offering virtual and physical VISA cards, money transfers, and financial account management for customers in the Democratic Republic of Congo. The service enables users to open accounts instantly via smartphone and access banking services without visiting physical branches.
Pivo Technology IncPivo provides bank accounts, debit cards, and digital invoicing tools to truck owners and drivers in Africa, with plans to expand into credit and expense management products.

Companies working in the same space as Shekel Mobility.

Legal entities · 1

corporate structure
Shekel Corp

In the news

Shekel Mobility, a B2B marketplace for auto dealers in Africa, raises $7M led by Ventures Platform and MaC VC | TechCrunchtechcrunch.com · Nov 2023Shekel Mobility , the neobank and trading platform for car dealers in Africaycombinator.com · Dec 2022

Frequently asked questions

What does Shekel Mobility do?
Shekel Mobility is a B2B marketplace and management system that provides auto dealerships with financial services (including credit facilities), operational automation, and cross-border transaction capabilities across emerging markets.
Who founded Shekel Mobility?
Shekel Mobility was founded by Benjamen Oladokun, Valentine Mayaki, Sanmi Olukanmi in 2022.
Who are Shekel Mobility's investors?
Shekel Mobility's investors include Cross Culture Ventures, MaC Venture Capital, Maiora Rebel Ventures, Pioneer, Rebel Fund, Ventures Platform, Y Combinator, Heirloom and 2 more.
How much funding has Shekel Mobility raised?
Shekel Mobility has disclosed $1.9M raised across 1 of its 4 known rounds.
Where is Shekel Mobility headquartered?
Shekel Mobility is headquartered in Lagos, NG.