Sylndr, with a fresh $15.7M, allows users to buy, sell, finance, and service used cars in Egypt
- Sylndr raised $15.7 million to expand into auto financing and servicing.
- The company has raised over $30 million since its launch in 2021.
- Sylndr estimates the used car market in Egypt to be worth $10 billion.
Sylndr's innovative approach to digitizing the used car market in Egypt represents a significant opportunity for growth and improved consumer trust. By integrating various services into a single platform, Sylndr not only addresses existing market inefficiencies but also sets a precedent for future startups in the region. The company's focus on local market expansion rather than Gulf diversification could yield substantial benefits in a largely untapped sector.
