Shekel Corporation

Shekel Corporation

Cloud-based B2B credit financing and dealership management platform for small and mid-sized used-car dealership to manage their entire business and help them realize their full potential. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€2—3m (Dealroom.co estimates Jan 2023.)
Lagos Lagos (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues<1m<1m
% growth-144 %
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DateInvestorsAmountRound
-

N/A

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N/A

Seed
*
N/A

$500k

Seed
*

$4.0m

Debt
Total Funding€455k

Recent News about Shekel Corporation

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Shekel Africa is a cloud-based B2B (business-to-business) credit financing and dealership management platform designed to support both established and aspiring auto dealerships. The company operates primarily in Nigeria, Ghana, South Africa, and the USA, providing a streamlined and efficient way for auto dealers to access the financing they need to grow their businesses.

Shekel Africa's primary service is offering credit financing to auto dealerships, with loan amounts up to $90,000 USD at competitive interest rates. The platform simplifies the process of obtaining and managing loans, allowing dealers to focus on expanding their operations. By using the Shekel wallet, users can easily receive and repay their auto-related credit financing and handle other auto-related transactions directly on the platform.

The business model of Shekel Africa revolves around providing financial services and dealership management tools. Auto dealers can apply to become Shekel dealers, get approved and onboarded, and then request financing through the platform. This process ensures that dealers have quick and easy access to the funds they need to purchase inventory, manage their lots, and grow their businesses.

Shekel Africa makes money by charging interest on the loans it provides and possibly through fees associated with the use of its dealership management system and other platform services. By offering a comprehensive suite of tools and services, Shekel Africa helps auto dealers manage their entire business more effectively, from financing to daily operations.

In summary, Shekel Africa is a vital resource for auto dealerships looking to expand their operations through accessible and affordable financing. The platform's user-friendly interface and comprehensive management tools make it an attractive option for dealers in multiple countries.

Keywords: auto financing, dealership management, B2B platform, credit financing, Shekel wallet, cloud-based, Nigeria, Ghana, South Africa, USA.