Industry Newsroom

Swvl Raises USD42 Million in Funding Round

Egypt-based transportation booking company Swvl has raised USD42 million from global investors Vostok New Ventures, BECO Capital, MSA Capital, and Endeavor Catalyst in its latest funding round. Founded in 2017, Swvl offers scheduled, shared bus rides to customers in Egypt and Kenya, and will use the capital to expand operations to Nigeria and other African markets.