Swvl Secures Its First Working Capital Facility in the UAE with Zelo to Accelerate Growth in Its Fastest-Growing Market
Summary
Swvl secured its first working capital facility in the UAE through Zelo to support growth in its fastest-growing market. The company plans to use the liquidity to launch and scale new enterprise accounts in its UAE pipeline. Swvl says its UAE business has grown about 5x since its relaunch in December 2024 and now includes diversified enterprise deployments. The company positions the facility as a way to convert pipeline into revenue faster while keeping its balance sheet asset-light.
Funding
Amount
-
Total raised
Date
September 1, 2026
Announcement date
Investors
-
Lead investors
Company
swvl.com
Funded company
AskAI Classifications
Sectors
Transportation and Mobility
Fleet Management
Transportation Management
Functions
No functions detected
Linked Companies
Swvl
$25M to $50M