Mostafa Kandil

He listed a Cairo-born bus-booking platform on Nasdaq at a $1.5B valuation, then rebuilt it around B2B and government transport contracts to reach its first annual profit in 2025.

Mobility / Swvl

Versions on record

2026

On record since

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Timestamped

Cited sources

Dubai of Tomorrow

Mobility

Mostafa Kandil

Swvl

He listed a Cairo-born bus-booking platform on Nasdaq at a $1.5B valuation, then rebuilt it around B2B and government transport contracts to reach its first annual profit in 2025.

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Dubai of TomorrowNo. 021

Swvl

Founded2017 · Cairo

RaisedNot yet on record

2025 revenue$24.2M, up 41%

BackersBECO Capital, VNV Global, Queen's Gambit Growth Capital

Compounding moves

2017 · Founded in Cairo as a bus-hailing service
2019 · Moved headquarters to Dubai
2022 · Listed on Nasdaq via SPAC merger with Queen's Gambit at a roughly $1.5B valuation
2026 · Reported first annual profit, $1.3M for 2025, while working to cure a Nasdaq delisting notice

Series 2026 · No. 021Fact-checked July 10, 2026 · anchored

Record v4 · 2 sources on record · Last recorded July 17, 2026 · Report an error →

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Company

Swvl

Founded

2017 · Cairo

Backers

BECO Capital, VNV Global, Queen's Gambit Growth Capital

Sources

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Provenance

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Current fingerprint · SHA-256

04dd8595ba8a8c2097765a06450522dd975d5e4e923b91336f1196e93203ca38

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v1 · Minted 2026 · 07 · 10

Entered the record from public filings and credible reporting. sha256 c0f7…9c01

Anchored to Bitcoin 2026 · 07 · 17

The current version’s fingerprint is timestamped to the Bitcoin blockchain across 4 versions. Provable, permanent, independent of this site.

Last revised July 17, 2026 · Raised · Full history →

Shared cap table

Founders on this record who share a backer with this company. Capital that backs one founder here tends to back another.

No. 028 · via BECO Capital Omar Abu Innab No. 013 · via BECO Capital Michael Lahyani No. 007 · via BECO Capital Idriss Al Rifai, Joy Ajlouny

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