Swvl Wins $4.2 Million in New Contracts in Egypt Over the Last Three Months – Fintech News Egypt

Cairo, Egypt – November 18, 2024: Swvl, a global leader in tech-driven mobility solutions, has announced securing $4.2 million in new contracts in Egypt. The contracts span key industries, including FMCG and telecommunications, further solidifying the company’s footprint in the region. This milestone aligns with Swvl’s mission to revolutionize transportation through innovative mobility solutions tailored to diverse sectors.

Expanding Global Reach with Acquisitions
In its drive to establish a robust global presence, Swvl has strategically acquired Viapool in Latin America and Shotl in Europe. These acquisitions have not only broadened Swvl’s reach but also positioned the company as a dominant force in the transportation sector across emerging and developed markets.

Highlighting the company’s forward momentum, Mostafa Kandil, CEO of Swvl, expressed his optimism, stating:
“I am incredibly proud of our team and the dedication they demonstrate in driving Swvl’s mission forward. It is truly rewarding to see how our innovative mobility solutions are transforming mobility globally. I am optimistic about the impact we can make in the industry and look forward to continuing our growth journey.”*

Nasdaq Listing and Beyond
Swvl’s public listing on Nasdaq marked a pivotal step in its growth trajectory, establishing it as a key player in the global transportation technology market. The company’s focus on emerging markets, coupled with its acquisitions, underscores its commitment to addressing inefficiencies in traditional transit systems with flexible, tech-enabled solutions.

Innovative Mobility Services for Diverse Sectors
Swvl has expanded its service portfolio beyond public transportation, offering tailored SaaS and fully managed mobility solutions. These services cater to government, education, and corporate sectors, demonstrating Swvl’s adaptability to meet the unique needs of its clients.

Driving Innovation and Future Plans
As a leader in transportation technology, Swvl continues to innovate, delivering solutions that streamline logistics and enhance the customer experience. To sustain its growth, the company is exploring multiple funding options to fuel its planned entry into the U.S. market in 2025.

With a strong foothold in Africa, Latin America, and Europe, Swvl remains at the forefront of leveraging technology to transform transportation systems globally. Its focus on providing flexible and cost-effective mobility options underscores its ambition to redefine the future of transit in both developed and emerging markets.

About Swvl

Swvl is a leading provider of technology-driven mobility solutions for enterprises and governments. Swvl’s technology enhances transit system efficiency to deliver safer, more reliable, and sustainable transportation solutions.

For more updates on Swvl’s innovations and global ventures, visit [Swvl’s official website](https://www.swvl.com).

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