{"id":656074,"date":"2024-11-28T00:00:00","date_gmt":"2024-11-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/28\/swvl-secures-sustainable-credit-facility-from-hsbc\/"},"modified":"2024-11-28T00:00:00","modified_gmt":"2024-11-28T00:00:00","slug":"swvl-secures-sustainable-credit-facility-from-hsbc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/28\/swvl-secures-sustainable-credit-facility-from-hsbc\/","title":{"rendered":"Swvl secures sustainable credit facility from HSBC"},"content":{"rendered":"

Swvl secures sustainable credit facility from HSBC: <\/strong>Egypt-founded, Nasdaq-listed mass transit app Swvl has secured a sustainable credit facility from our friends at HSBC to fund its growing pipeline of client contracts this quarter and enhance financial operations, according to a statement (pdf)<\/a>. <\/p>\n

More than just financing: <\/strong>Under the facility, HSBC will manage Swvl\u2019s banking operations across multiple markets, streamlining financial processes and improving cash flow management to support the company\u2019s growth plans. <\/p>\n

What they said:<\/strong> \u201cI believe that our collaboration with HSBC is a key milestone in our efforts to optimize financial operations and boost profitable growth,\u201d Swvl CEO Mostafa Kandil said.<\/p>\n

Swvl has had a busy few years<\/strong>, from going public on the Nasdaq<\/a> through a SPAC merger back in 2022 and receiving delisting warnings<\/a> shortly after to shifting its business model in efforts to become profitable. <\/p>\n

Want the full story? <\/strong>EnterpriseAM UAE spoke to Kandil earlier this year. Check out the interview here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

HSBC will manage Swvl\u2019s banking operations across multiple markets<\/p>\n","protected":false},"author":1,"featured_media":656075,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7274],"tags":[7106,88,72,490,507],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-656074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-enterpriseam","tag-hsbc","tag-swvl","wpautop","entry"],"acf":{"mongo_id":"dab24a8f-6d70-4b49-af7e-9e2889dba893","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2642.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Swvl secures sustainable credit facility from HSBC","related_issue":[656060],"teaser":"HSBC will manage Swvl\u2019s banking operations across multiple markets","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.bf95e968-408f-409a-b017-6a7f813d9d9b.mp3"},"yoast_head":"\nSwvl secures sustainable credit facility from HSBC - 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\/2024\/11\/28\/swvl-secures-sustainable-credit-facility-from-hsbc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swvl secures sustainable credit facility from HSBC\" \/>\n<meta property=\"og:description\" content=\"HSBC will manage Swvl\u2019s banking operations across multiple markets\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/28\/swvl-secures-sustainable-credit-facility-from-hsbc\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-28T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2642.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/28\/swvl-secures-sustainable-credit-facility-from-hsbc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/28\/swvl-secures-sustainable-credit-facility-from-hsbc\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Swvl secures sustainable credit facility from HSBC\",\"datePublished\":\"2024-11-28T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/28\/swvl-secures-sustainable-credit-facility-from-hsbc\/\"},\"wordCount\":164,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/28\/swvl-secures-sustainable-credit-facility-from-hsbc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2642.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"debt watch\",\"EnterpriseAM\",\"HSBC\",\"Swvl\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/28\/swvl-secures-sustainable-credit-facility-from-hsbc\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/28\/swvl-secures-sustainable-credit-facility-from-hsbc\/\",\"name\":\"Swvl secures sustainable credit facility from HSBC - 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