Sylndr Secures EGP370 Million to Transform Egypt’s Used Car Market
- Sylndr secures EGP370 million working capital facility.
- First asset-backed financing deal in Egypt.
- Structured by EFG Hermes with support from multiple banks.
The successful acquisition of this funding not only signifies a pivotal moment for Sylndr but also reflects the growing potential of the startup ecosystem in Egypt. It would be beneficial for other startups to explore similar innovative financing options to enhance their growth and operational capabilities. The emphasis on transparency and customer experience in Sylndr's business model could serve as a valuable case study for other businesses in the region.
