Fresh Investment for Growth
Swvl Holdings Corp (SWVL) has secured $2 million in new funding through the sale of pre-funded warrants to investors. This move aligns with the UAE-based company’s broader strategy to strengthen its financial position and expand internationally—particularly into the United States.
The investment follows a previous agreement from November 2024, which allowed investors to buy these warrants at $4.79 per share in a private placement. The transaction officially closed on February 7, 2025.
Understanding Pre-Funded Warrants
Pre-funded warrants are financial instruments that allow investors to buy shares in the future—often at a lower cost. They give investors flexibility while providing the company with immediate funding for growth.
As part of the agreement, investors are restricted from selling shares for six months. After the lock-up period, they can only sell up to 20% of their holdings every 90 days, with a cap of 20% of the stock’s daily trading volume. Swvl sees this as a strong signal of investor confidence in its long-term growth.
Expanding Into the US Market
Swvl plans to use this fresh capital for:
- Working capital
- Corporate expenses
- Expanding operations in the United States
The company has been actively securing multi-million dollar contracts across Egypt, Saudi Arabia, and the UAE. It also recently obtained financing from HSBC to support its growing sales pipeline. Now, with this new $2M investment, Swvl is accelerating its push into both the US and GCC markets.
This funding builds on Swvl’s $4.7 million private placement in November 2024 and follows its announcement of $3.1 million in net profits for FY 2023—marking a significant milestone in its financial performance.
Looking Ahead
With a clear strategy, growing investor confidence, and a push for global expansion, Swvl is solidifying its position as a leader in the mobility solutions industry. This latest investment is another step toward scaling operations, enhancing profitability, and reinforcing its long-term vision.
