Nigerian startup Shekel Mobility has secured $7 million in seed investment from Ventures Platform and MaC VC. Benjamindada.com reported that the B2B marketplace for auto dealers in Africa aims to revolutionize the industry by providing financing and a management system to dealerships. Back in January, Shekel Mobility announced that it acquired $1.95 million in preseed money to reach its goal of building the biggest car dealership network and generating $10 billion by 2025. View this post on Instagram A post shared by Shekel Mobility (@shekelmobility) “Our goal is to ensure that every auto dealer in Africa and other emerging markets can access the right kind of capital to maximize the opportunities available,” Benjamen Oladokun, who founded the platform with Sanmi Olukanmi in 2021, told Benjamindada.com. Shekel Mobility is solving a massive problem in the auto dealership industry on the continent. Around Africa, almost 82% of car dealerships are small or medium in scale. Dealers are...
