{"id":604917,"date":"2018-12-17T04:23:13","date_gmt":"2018-12-17T04:23:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/swvl-in-market-for-usd-50-100-mn-loan-to-fund-egypt-foreign-expansion\/"},"modified":"2018-12-17T04:23:13","modified_gmt":"2018-12-17T04:23:13","slug":"swvl-in-market-for-usd-50-100-mn-loan-to-fund-egypt-foreign-expansion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/swvl-in-market-for-usd-50-100-mn-loan-to-fund-egypt-foreign-expansion\/","title":{"rendered":"Swvl in market for USD 50-100 mn loan to fund Egypt, foreign expansion"},"content":{"rendered":"

<\/a> Swvl in market for USD 50-100 mn loan to fund local, global expansion: <\/b>Mass transit app Swvl is in talks with Asia-based investment funds to secure a USD 50-100 mn loan to finance its local and global expansion plans, CEO and co-founder Mostafa Kandil tells Al Mal<\/a>. Kandil is hoping Swvl could sign the loan agreement in 1Q2019 as it works to grow presence in Egypt through new routes and new cities (beginning with Assiut) and expand into Southeast Asia<\/a> (beginning with the Philippine capital of Manila). The CEO told Reuters last month<\/a> that his company raised \u201ctens of mns of USD\u201d in series B funding, bringing its valuation close to the USD 100 mn mark.<\/p>\n","protected":false},"excerpt":{"rendered":"

Swvl in market for USD 50-100 mn loan to fund local, global expansion: Mass transit app Swvl is in talks with Asia-based investment funds to secure a USD 50-100 mn loan to finance its local and global expansion plans, CEO and co-founder Mostafa Kandil tells Al Mal. Kandil is hoping Swvl could sign the loan […]<\/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":[8572],"tags":[72,328,2380,507,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604917","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-ride-hailing","tag-speed-round","tag-swvl","tag-transport","wpautop","entry"],"acf":{"mongo_id":"69c55723-8a07-4c35-ac50-927d05b86db1","order":"0","is_powered_by":true,"section_story_id":"2b0a2dc6-e598-4b1f-a1df-7248f6032557","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604907],"teaser":"","voice_url":""},"yoast_head":"\nSwvl in market for USD 50-100 mn loan to fund Egypt, foreign expansion - 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\/2018\/12\/17\/swvl-in-market-for-usd-50-100-mn-loan-to-fund-egypt-foreign-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swvl in market for USD 50-100 mn loan to fund Egypt, foreign expansion\" \/>\n<meta property=\"og:description\" content=\"Swvl in market for USD 50-100 mn loan to fund local, global expansion: Mass transit app Swvl is in talks with Asia-based investment funds to secure a USD 50-100 mn loan to finance its local and global expansion plans, CEO and co-founder Mostafa Kandil tells Al Mal. 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Mass transit app Swvl raised \u201ctens of mns of USD\u201d in Series \u2018B\u2019 funding from new and existing investors, CEO and co-founder Mostafa Kandil told Reuters on Thursday. 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The round was co-led by Swedish VC Vostok Ventures and Dubai-based BECO Capital,\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\/2021\/7\/490.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"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":604917,"position":2},"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":630552,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/24\/swvl-sees-the-largest-funding-round-in-egypt-tech-startup-history\/","url_meta":{"origin":604917,"position":3},"title":"Swvl sees the largest funding round in Egypt tech startup history","author":"enterpriseam admin","date":"24 April 2018","format":false,"excerpt":"INVESTMENT WATCH- Swvl closes the largest funding round in Egypt tech startup history: Mass transit ride-hailing app Swvl received USD 8 mn in Series A funding, the company said in a statement on Monday (pdf). The funding is led by regional venture fund BECO Capital, alongside Africa-based investor DiGAME, global\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\/2018\/4\/1706.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594543,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/swvl-to-move-headquarters-from-egypt-to-dubai-by-november-2019\/","url_meta":{"origin":604917,"position":4},"title":"Swvl to move headquarters from Egypt to Dubai by November 2019","author":"enterpriseam admin","date":"1 September 2019","format":false,"excerpt":"STARTUP WATCH- Swvl is moving its headquarters out of Egypt: Mass transport app Swvl will move its headquarters from Egypt to Dubai by November this year, co-founder and CEO Mostafa Kandil told Menabytes. 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