When was Shekel founded?

Shekel was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Shekel located?

Shekel is headquartered in Lagos, Nigeria.

How many employees does Shekel have?

As of Sep 30, 2026, the latest employee count at Shekel is 31.

Is Shekel a funded company?

Shekel is a funded company, having raised a total of $5.15M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 27, 2022.

When was the latest funding round of Shekel?

Shekel's latest funding was a $***** Series A round on Nov 13, 2023, with participation from 10 investors.

Where does Shekel rank among its competitors?

Shekel ranks 1st amongst 4 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Shekel, which secured $3.2M in Nov, 2023.

Who are the top competitors of Shekel?

Shekel's top competitors include Vittas, Hadi and Obtainly. Among them, Shekel secured the most recent funding round in November, 2023.

Shekel - 2026 Company Profile, Team, Funding & Competitors

Shekel is a series A company based in Lagos (Nigeria), founded in 2021 by Benjamen Oladokun. It operates as a Provider of the marketplace offering inventory loans and digital banking for automobile businesses. Shekel has raised $5.15M in funding from Ventures Platform and MaC Venture Capital. The company has 4 active competitors, including 2 that are funded. Its top competitors are Vittas, Hadi and Obtainly.

Company Details

Provider of the marketplace offering inventory loans and digital banking for automobile businesses. It provides users with loans to its users for purchasing inventory for automobile businesses without any collateral and offers multiple loan products from different lenders. It also offers digital banking services for automobile businesses which allows them to manage current or savings accounts, and pay and receive money. The platform also acts as a global marketplace for car buying-selling.

Website: www.shekelmobility.com/ng
Social
Email ID: *****@shekel.africa

Key Metrics

Founded Year

2021

Location

Lagos, Nigeria

Stage

Series A

Total Funding

$5.15M in 4 rounds

Latest Funding Round

Series A, Nov 13, 2023, $*****

Investors

Ventures Platform & 16 more

Ranked

1^st among 4 active competitors

Employee Count

31 as on Sep 30, 2026

Similar Companies

SME Finance & 8 more

View Shekel's full profile

Shekel has raised a total funding of $5.15M over 4 rounds. Its first funding round was on Apr 27, 2022. Its latest funding round was a Series A round on Nov 13, 2023 for $*****. 10 investors participated in its latest round. Shekel has 17 institutional investors.

Here is the list of recent funding rounds of Shekel:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 13, 2023	9721107	Series A	8599436	3297313	6792791	7141862
Nov 13, 2023	7449562	Conventional Debt	5169698	3043866	6383639	Zedvance & 3 more
Jan 09, 2023	3288257	Seed	4470884	6790461	Ventures Platform	Y Combinator & 2 more

Access funding benchmarks and valuations. Sign up today!

View details of Shekel's funding rounds and investors

The founders of Shekel is Benjamen Oladokun.

Here are the details of Shekel's key team members:

Benjamen Oladokun: Co-Founder of Shekel.

View details of Shekel's Founder profiles and Board Members

Shekel's employee count trend

Shekel has 31 employees as of Sep 26. Here is Shekel's employee count trend over the years:

Uncover Shekel's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Shekel include Vittas, Hadi and Obtainly. Here is the list of Top 10 competitors of Shekel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shekel 2021, Lagos (Nigeria), Series A	Provider of the marketplace offering inventory loans and digital banking for automobile businesses	$5.15M	MaC Venture Capital, Rebel Fund & 15 others	39/100
2nd	Vittas 2019, Lagos (Nigeria), Seed	Online lending platform offering healthcare financing solutions	-	Village Capital, Techstars	31/100
3rd	Hadi Abuja (Nigeria), Funding Raised	Online lending platform for business financing	-	Microtraction	26/100
4th	Obtainly 2020, Ikeja (Nigeria), Funding Raised	Digital lending platform offering B2B financing	-	Soma Capital	21/100