Discover the latest news and updates from Swvl. Gain insights into our recent partnerships, market expansions, and key developments driving the company’s growth and evolution.
Swvl has secured its first working capital facility in the UAE through a new partnership with Zelo, providing dedicated liquidity to launch and scale enterprise accounts in our pipeline.
SWVL (NASDAQ: SWVL) entered into a definitive agreement with Sofico Holdings Limited to purchase $1.5 million of ordinary shares at $1.46 per share, upsizing the Company's strategic investment round — together with the placement announced August 25, 2026 — to approximately $14.5 million.
SWVL (NASDAQ: SWVL) entered into a definitive agreement for a $13 million strategic investment priced at-the-market under Nasdaq rules, led by Coefficient LP and backed by the Sawiris family, to anchor its next phase of growth and U.S. expansion.
Swvl Holdings Corp (Nasdaq: SWVL) signed a new contract with Bank Albilad, one of Saudi Arabia's leading banks, expanding its services into the Kingdom's banking and financial services sector.
Revenue surged 68% year-over-year to $8.2M in Q1 2026 (up from $4.9M in Q1 2025), driven by a 111% expansion in the GCC region ($3.6M) and 45% growth in Egypt ($4.6M).
(NASDAQ: SWVL) regained compliance with Nasdaq's continued listing requirements, meeting the minimum stockholders' equity and net income thresholds based on its FY 2025 results, resolving the Company's prior compliance issues and securing its continued listing.
SWVL (NASDAQ: SWVL) delivered a financial turnaround in FY 2025, with revenue up 41% to $24.2 million and net income of $1.3 million, driven by enterprise growth and cost discipline. Operating losses narrowed 94%, recurring revenue reached 84%, and the Company enters 2026 with a $38.2 million backlog.
SWVL (NASDAQ: SWVL) secured a new three-year healthcare mobility contract in Saudi Arabia worth up to $1.5 million, marking a key step in its GCC expansion and enhancing how patients, medical staff and equipment move through its technology platform.
SWVL (NASDAQ: SWVL) secured a new five-year contract worth up to $5.5 million in the UAE, its fastest-growing market after roughly 5x growth in 2025, supporting the Company's strategy to expand long-term enterprise partnerships and deliver technology-driven mobility solutions at scale.
SWVL (NASDAQ: SWVL) launched operations in Kuwait, secured by a $2.2 million multi-year enterprise contract, marking a key step in its GCC expansion strategy and its focus on high-margin, long-term corporate mobility partnerships across the region.
