News

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

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

Swvl’s ESG strategy addresses fundamental challenges with mobility solutions that have saved 245m pounds of CO2 emission, reduced ~14.4m person-hour of congestion, and generated income for ~17,000 micro-entrepreneurs

Strategic and financial investors, including Agility and Chimera Abu Dhabi, have pre-funded a significant portion of upsized $100 million PIPE raised in connection with Swvl’s proposed

Victoria Grace, Lone Fønss Schrøder and Esther Dyson will bring extensive financial, technology, and automotive experience, along with deep global networks
Company leadership to reflect diversity of stakeholder base, including employees and customers. ESG principles core to Swvl’s mission of empowering underserved communities through tech- enabled mass transit solutions