- Sylndr, the emerging startup, has raised $15.7 million in a Series A funding round to expand its services in Egypt’s used car market.
- The company announced the launch of three new services, including digital financing, after-sales services, and a program to support the digital transformation of car dealers.
- Sylndr aims to become a fully integrated mobility platform that addresses all challenges related to buying, selling, and financing cars in the Egyptian market.
Sylndr, the Egypt-based startup specializing in buying, selling, and financing used cars, announced that it has raised $15.7 million in a Series A funding round.
The round was led by Development Partners International (DPI) through the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Egyptian Gulf Holding, Uncovered Fund, Beltone Venture Capital, and Camel Ventures.
Sylndr aims to accelerate its nationwide expansion plans and broaden its suite of services to include digital financing, after-sales services, and support for the digital transformation of car dealerships.
As part of its 2025 expansion strategy, the company will launch three key services:
- Sylndr Swift: A fully digital car financing platform offering fast and accessible loans.
- Sylndr Plus: A service package covering vehicle inspection, maintenance, ownership verification, and title transfer.
- Al-Ajans: A business program designed to help car dealers digitize their operations, grow inventory, and enhance customer outreach.
This funding round follows a previous seed round and strengthens Sylndr’s position as a key player in Egypt’s mobility and fintech sectors.
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