News

Names Heads of Security, B2C, B2B and Site Reliability Engineering and Principal Engineerز Collectively bring more than 85 years of experience across cyber risk management, software development and product engineering and management

Queen’s Gambit Growth Capital and Swvl announce effectiveness of F-4 registration statement Upon closing, the combined company’s Class A ordinary shares and warrants are expected to be listed on NASDAQ under the ticker symbols “SWVL” and “SWVLW”, respectively

$15 million initial investment expected to generate thousands of jobs and self-employment opportunities over the next 3+ years and further develop Swvl’s R&D capabilities

ames Global Head of Policy, Global Head of Legal and Head of LatAm Public Sector. Each brings more than 20 years of experience across public policy, law, and public sector mobility and technology

The partnership enhances financial inclusion for traditionally under-resourced captains through a suite of resources and benefits
Services will include earned compensation payouts, buy-now-pay-later and insurance

New investors include European Bank for Reconstruction and Development, a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 38 countries, and Teklas Ventures, the venture capital arm of Teklas, one of the largest electric autofluid systems parts suppliers globally for the auto industry

Expansion across Europe, Latin America, Asia, and Africa provides significant upside to Swvl’s current business plan and financial projections

Albrecht, ex-President of the Association of Certified Fraud Examiners, the Financial Accounting Foundation, and COSO, to serve as an independent director and chair of the audit committee.

Delivers 3.6x quarter on quarter growth, 83% utilization and 500k active users Swvl’s most mature market hits 92% utilization, 31% gross margin and -2.9% net margin. Raises FY2022 guidance by ~10% to $155m with opportunities for further substantial growth

Will launch Swvl’s marketplace in Latin America following upcoming SaaS entry into Brazil via Shotl transaction. Expansion into Argentina and Chile provides compelling upside to Swvl’s current business plan and financial projections