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.
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
Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced that it has received a letter from The Nasdaq Stock Market LLC ("Nasdaq") informing Swvl that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1), for continued listing on The Nasdaq Stock Market, and the matter of previous non-compliance is now closed.
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
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.
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
