Swvl Reports First Half Revenue Growth of 58.8% to $16.2 Million
Swvl Holdings reported first-half revenue of $16.2 million, representing a year-over-year increase of 58.8%. The company saw strong regional performance with GCC revenue rising by 107% to $7.1 million and Egypt revenue growing by 35% to $9.1 million. Recurring revenue accounted for 88% of total revenue, while dollar-pegged revenue made up 44%. The company also reported a consolidated net dollar retention rate of 123%, indicating strong customer loyalty and recurring business performance. In addition to the financial results, Swvl announced an $13 million investment round priced at-the-market. This funding is expected to support continued growth in its operations across key markets.
Topics: investment_round revenue_growth