Swvl Holdings Corp. delivers mass transit ride-sharing services, encompassing a range of solutions. Its Swvl Retail segment provides urban dwellers with access to a network of minibuses and other vehicles operating on predetermined or adaptable routes within cities. For longer-distance travel, Swvl Travel allows users to arrange intercity rides, either through its own platform or leveraging third-party providers. Furthermore, the company offers Swvl Business, an enterprise transport-as-a-service solution designed for corporate clients, schools, municipal transit authorities, and various other organizations. Founded in 2017, Swvl's headquarters are situated in Dubai, United Arab Emirates.
Swvl Expands HSBC Working Capital Facility by 110% to an aggregate of $1.4 million and Deepens Relationship Through HSBC Global Payment Solutions
HSBC increased Swvl's working capital facility limit by 110% to an aggregate of $1.4 million, more than doubling capacity under the line originally established in November 2024.
In parallel, Swvl is deploying HSBC's global payment solutions in Egypt to execute high-volume, time-critical payment runs, with plans to extend the platform to additional markets as its treasury structure consolidates.
The expansion follows Egypt revenue of $16.2 million in FY 2025, up 20% with 126% net dollar retention, accelerating to 45% year-over-year growth in Q1 2026 on $4.64 million of revenue and 37% gross profit growth.
CFO Ahmed Misbah framed the increase as a read on Swvl's credit profile, noting the company grew total revenue 41%, returned to profitability and rebuilt its balance sheet over the prior year.