Sylndr, a Cairo-based startup bringing structure to Egypt’s chaotic used-car market, has raised a $15.7 million Series A round led by DPI Venture Capital via the Nclude Fund.
Why it matters
Egypt’s used-car market is massive but plagued by paper contracts, cash deals, and unverified listings. Sylndr is betting that trust, tech, and financing can fix that—and reshape mobility in the region.
The big picture
Since launching in 2022, Sylndr has evolved from a car marketplace into a full-stack mobility platform. It now handles everything from financing to inspections to dealer services.
By the numbers
- $15.7M raised in Series A
- 3 new business verticals launched
- Backed by top regional investors like Algebra Ventures, Nuwa Capital, and Raed Ventures
What they’re saying
“This round allows us to scale nationally and expand our product offering,” said Omar El Defrawy, Sylndr’s co-founder and CEO. “We’re building the go-to platform for mobility in Egypt.”
Zoom in
Sylndr’s new offerings include:
- Sylndr Swift: A digital car loan platform
- Sylndr Plus: Services like inspections, maintenance, and ownership transfers
- Al-Ajans: A toolkit to help local car dealers digitize and scale
What they’re saying (investors edition)
“Sylndr is building the digital backbone of mobility,” said Ashley Lewis, Managing Partner at DPI.
“They’re blending commerce, credit, and technology to fix a broken system.”
Source: Waya Media
