Financing ·
Swvl Holdings Corp announced a private placement financing round totaling approximately $14.5 million
SWVLWSwvl Holdings Corp
Swvl Holdings Corp announced a private placement financing round totaling approximately $14.5 million. On August 24, 2026, Swvl entered into agreements to sell 8,990,317 Class A ordinary shares at $1.446 per share to Coefficient SWVL Holdings, LLC and HITE Hedge Asset Management for gross proceeds of approximately $13.0 million. On August 25, 2026, Swvl agreed to sell an additional 1,027,397 shares at $1.46 per share to Sofico Holdings Limited for approximately $1.5 million in gross proceeds. The first closing is expected on August 27, 2026, and the second on August 28, 2026. Proceeds will fund U.S. expansion, a new lending offering for transport operators, balance sheet strengthening, and general corporate purposes. Coefficient received board designation rights and preemptive purchase rights. Swvl Holdings Corp operates in the technology-driven mobility solutions industry.