Financing ·
Swvl Holdings Corp announced that HSBC Bank increased its working capital facility limit by 110% to an aggregate…
SWVLSwvl Holdings Corp
Swvl Holdings Corp announced that HSBC Bank increased its working capital facility limit by 110% to an aggregate amount of $1.4 million, more than doubling the capacity established in November 2024. The company also adopted HSBC’s global payment solutions in Egypt to manage high-volume, time-critical payment flows for operators and suppliers. This expansion supports Swvl's growth following a 41% total revenue increase in fiscal year 2025 and a 45% year-over-year revenue jump in the first quarter of 2026. The additional capital is intended to fund working capital cycles for new and renewing enterprise contracts across Egypt, the GCC, the UK, and the US. Swvl Holdings Corp operates as a provider of technology-enabled mass mobility solutions for enterprises and governments.