Swvl (SWVL) is Raising $13M for U.S. Expansion and a Transport Lending Offering. Is It Taking On Too Much at Once?
Swvl Holdings Corp (SWVL) is raising $13M through a private placement, issuing 8.99M shares at $1.446 each. Coefficient LP will invest $10M, becoming the largest institutional shareholder. Proceeds will fund U.S. expansion, a lending offering, and strengthen the balance sheet. Q1 revenue grew 68% YoY to $8.2M, with gross profit up 63% to $1.6M and operating loss narrowing 71% to $170K. However, the share issuance may dilute existing shareholders by 90%.






