{"id":560833,"date":"2021-03-15T05:35:05","date_gmt":"2021-03-15T05:35:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/"},"modified":"2021-03-15T05:35:05","modified_gmt":"2021-03-15T05:35:05","slug":"swvls-co-founder-sabbah-steps-down-to-start-fintech-business","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/","title":{"rendered":"Swvl\u2019s Co-founder Sabbah steps down to start fintech business"},"content":{"rendered":"

Swvl co-founder and CTO Ahmed Sabbah<\/strong> (LinkedIn<\/a>) has announced<\/a> his resignation, telling Enterprise that he intends to start his own consumer fintech business, without sharing further details. Sabbah co-founded the mass transportation startup with Mostafa Kandil and Mahmoud Nouh in 2017, and Swvl managed during this period to raise close to USD 90 mn<\/a> and expanded into different countries such as Jordan<\/a>, Kenya<\/a>, Pakistan<\/a>, and is working to expand into other Middle East markets<\/a>. Sabbah is the second co-founder to leave after Nouh departed in 2019 to found a fintech startup called Capiter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Swvl co-founder and CTO Ahmed Sabbah (LinkedIn) has announced his resignation, telling Enterprise that he intends to start his own consumer fintech business, without sharing further details. Sabbah co-founded the mass transportation startup with Mostafa Kandil and Mahmoud Nouh in 2017, and Swvl managed during this period to raise close to USD 90 mn and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7231],"tags":[72,206,507],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560833","post","type-post","status-publish","format-standard","hentry","category-moves","tag-enterpriseam","tag-moves","tag-swvl","wpautop","entry"],"acf":{"mongo_id":"8210914e-4a6e-44d6-86e7-e48e7fc3bc67","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[560820],"teaser":"","voice_url":""},"yoast_head":"\nSwvl\u2019s Co-founder Sabbah steps down to start fintech business - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swvl\u2019s Co-founder Sabbah steps down to start fintech business\" \/>\n<meta property=\"og:description\" content=\"Swvl co-founder and CTO Ahmed Sabbah (LinkedIn) has announced his resignation, telling Enterprise that he intends to start his own consumer fintech business, without sharing further details. Sabbah co-founded the mass transportation startup with Mostafa Kandil and Mahmoud Nouh in 2017, and Swvl managed during this period to raise close to USD 90 mn and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T05:35:05+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Swvl\u2019s Co-founder Sabbah steps down to start fintech business\",\"datePublished\":\"2021-03-15T05:35:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/\"},\"wordCount\":100,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"moves\",\"Swvl\"],\"articleSection\":[\"Moves\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/\",\"name\":\"Swvl\u2019s Co-founder Sabbah steps down to start fintech business - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-03-15T05:35:05+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Swvl\u2019s Co-founder Sabbah steps down to start fintech business\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Swvl\u2019s Co-founder Sabbah steps down to start fintech business - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/","og_locale":"en_US","og_type":"article","og_title":"Swvl\u2019s Co-founder Sabbah steps down to start fintech business","og_description":"Swvl co-founder and CTO Ahmed Sabbah (LinkedIn) has announced his resignation, telling Enterprise that he intends to start his own consumer fintech business, without sharing further details. Sabbah co-founded the mass transportation startup with Mostafa Kandil and Mahmoud Nouh in 2017, and Swvl managed during this period to raise close to USD 90 mn and […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-03-15T05:35:05+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Swvl\u2019s Co-founder Sabbah steps down to start fintech business","datePublished":"2021-03-15T05:35:05+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/"},"wordCount":100,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","moves","Swvl"],"articleSection":["Moves"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/","name":"Swvl\u2019s Co-founder Sabbah steps down to start fintech business - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-03-15T05:35:05+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/swvls-co-founder-sabbah-steps-down-to-start-fintech-business\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Swvl\u2019s Co-founder Sabbah steps down to start fintech business"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":595120,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/","url_meta":{"origin":560833,"position":0},"title":"Swvl seeks to raise over USD 100 mn in a financing round in 1Q2020","author":"enterpriseam admin","date":"17 September 2019","format":false,"excerpt":"STARTUP WATCH- Swvl is seeking to raise more than USD 100 mn in a financing round in 1Q2020, and targeting a USD 1 bn valuation in the coming five years, co-founder and CEO Mostafa Kandil told Reuters. \u201cWe were a company worth about USD 2 mn two years ago and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567341,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/20\/former-swvl-co-founder-mahmoud-nouh-launches-fintech-startup-capiter\/","url_meta":{"origin":560833,"position":1},"title":"Former Swvl co-founder Mahmoud Nouh launches fintech startup, Capiter","author":"enterpriseam admin","date":"20 January 2020","format":false,"excerpt":"STARTUP WATCH- Swvl co-founder and former COO Mahmoud Nouh has launched a fintech startup called Capiter, months after leaving Swvl to \u201cpursue new personal goals,\u201d Menabytes reports. Nouh is listed as Capiter\u2019s co-founder and CEO, working alongside co-founder and COO Ahmed Nouh. According to its website, Capiter reads like a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594365,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/swvl-co-founder-and-coo-mahmoud-nouh-resigns\/","url_meta":{"origin":560833,"position":2},"title":"Swvl co-founder and COO Mahmoud Nouh resigns","author":"enterpriseam admin","date":"28 October 2019","format":false,"excerpt":"MOVES- Swvl co-founder and COO Mahmoud Nouh (LinkedIn) has resigned to \u201cpursue new personal goals,\u201d the company told Menabytes last week without disclosing further details.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645336,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/18\/careem-invests-usd-500k-in-swvl\/","url_meta":{"origin":560833,"position":3},"title":"Careem invests USD 500k in Swvl","author":"enterpriseam admin","date":"18 July 2017","format":false,"excerpt":"INVESTMENT WATCH- Ride-hailing app Careem has invested USD 500k in Swvl, a three-month-old Egyptian bus transportation service, Reuters reports. Careem will take an undisclosed minority stake in Swvl and its CEO and co-founder, Magnus Olsson, will take a board seat. Reuters says Swvl was founded in April by a former\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546539,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/mohamed-el-etreby-appointed-uab-chairman\/","url_meta":{"origin":560833,"position":4},"title":"Mohamed El Etreby appointed UAB chairman","author":"enterpriseam admin","date":"19 May 2022","format":false,"excerpt":"Banque Misr\u2019s El Etreby named UAB head: Banque Misr Chairman Mohamed El Etreby (bio) has been selected to succeed Sheikh Mohamed El Jarrah Al Sabbah as the head of the Union of Arab Banks (UAB) for a three-year term, according to a statement. Banque du Caire\u2019s Tarek Fayed was also\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605262,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/swvl-announces-expansion-to-10-cities-in-2019\/","url_meta":{"origin":560833,"position":5},"title":"Swvl announces expansion to 10 cities in 2019","author":"enterpriseam admin","date":"26 December 2018","format":false,"excerpt":"Mass transit app Swvl has announced plans to expand to 10 cities outside Egypt in 2019, beginning with the Philippine capital of Manila and including Nairobi, Dakar, and Jakarta, CEO and co-founder Mostafa Kandil tells Al Mal. We had previously reported that Thai and Vietnamese cities would be added in\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=560833"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560833\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560820"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560833"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560833"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}