Egyptian Autotech Sylndr closes $15.7M Series A to drive digital transformation in used car market
- Sylndr closed a $15.7 million Series A funding round led by Development Partners International.
- The funding round included participation from Algebra Ventures, Nuwa Capital, and other prominent investors.
- Sylndr aims to tackle inefficiencies in Egypt's pre-owned vehicle market by overhauling the car ownership journey.
Sylndr's innovative approach to the used car market in Egypt represents a significant opportunity for growth and modernization in a traditionally fragmented sector. The integration of technology, financing, and after-sales services could serve as a model for similar markets across Africa, potentially transforming consumer experiences and business operations.
