finance.yahoo.com

Swvl Signs $13M Private Placement to Fund U.S. Expansion and Lending

Swvl Holdings logoSwvl Holdings
Sig2.70Sen+2.10Env0.00Soc0.00Gov+1.10

Swvl Holdings agreed Aug. 25 to raise $13 million via a private placement, with Coefficient LP investing $10 million and a current shareholder adding $3 million. Recurring revenue rose 72% to $7.2 million, and now represents 88% of sales. The U.S. push and a transport lending offering add execution and credit-risk exposure as customer ties and collections are built.

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