Swvl intends to direct foreign offering's proceeds to continue its expansion plan

Thu, 31 Mar 2022 - 05:42 GMT

He pointed out that Swvl intends to continue its foreign expansions, targeting the markets of South America, Europe and Southeast Asia.

Swvl celebrates start of trading on company’s shares on Nasdaq Stock Exchange

Thu, 31 Mar 2022 - 05:35 GMT

The company, which provides smart mass transit services in more than twenty countries worldwide, seeks to use the proceeds of the offering to implement an expansion plan that includes access to new markets as well as to deepen its services in existing markets.

Kuwaiti “Zain” invests $10M in merger of Swvl, Queens Gambit

Sun, 01 Aug 2021 - 03:36 GMT

“Swvl” and “Queens Gambit” entered into an agreement to merge the business to become through “Swvl” the first company in the Middle East with an estimated value of more than $1 billion to be listed on the Nasdaq Stock Exchange under the symbol (SWVL).

SWVL reveals security breach, denies access to payment data

Tue, 07 Jul 2020 - 02:41 GMT

SWVL stated, that as soon as the breach was discovered, the information technology team dealt with it.

Egyptian transport start-up Swvl targets expansion in Africa, Asia

Mon, 16 Sep 2019 - 06:09 GMT

Egyptian transport technology start-up Swvl will expand into two cities in Pakistan in the next two weeks.

How does Egypt support entrepreneurship?

Wed, 28 Aug 2019 - 03:57 GMT

Egypt’s flourishing entrepreneurship scene has been receiving support from governmental entities and private institutions which aid entrepreneurs to reach their maximum potential by offering fund opportunities and mentorship.

SWVL honoured in bt100 awards ceremony for leading mass transportation solutions

Tue, 05 Mar 2019 - 12:33 GMT

Mostafa Kandil, Co-founder and CEO of Swvl, SWVL, received the bt100 crystal award on behalf of SWVL for their leading mass transportation solutions in private sector.

Egyptian tech transport start up Swvl heads to Southeast Asia

Thu, 22 Nov 2018 - 11:52 GMT

Egyptian transport tech start-up Swvl will expand into Southeast Asia next year after securing what the company said was the biggest round of funding for a tech start up in Egypt.

Swvl to invest LE 300M in Egypt in 3 years

Mon, 23 Apr 2018 - 04:16 GMT

Swvl succeeded in attracting a fund worth $8.5 million, of which $8 million was collected in April 2018.

SWVL: Easing your daily commute

Tue, 08 Aug 2017 - 12:34 GMT

Launched in March 2017, the bus service SWVL is revolutionizing daily commutes.

Careem invests $10M in Egypt since opening, 30% growth monthly

Tue, 01 Aug 2017 - 01:53 GMT

Careem has invested around $10 million since its services opened in Egypt. The firm achieves 30 percent growth rate per month.