Swvl expands HSBC working capital facility limit 110% to USD 1.4 million
SWVL•Expanded HSBC facility and Egypt payment solutions
- Swvl secured a 110% increase in an HSBC working capital facility limit to USD 1.4 million, up from the November 2024 level.
- The expanded line is earmarked to finance working capital for new or renewing enterprise contracts, supporting faster mobilization and revenue conversion.
- The HSBC relationship was also broadened to include global payment solutions in Egypt to run high-volume, time-critical payments with faster settlement.
- Egypt revenue rose 20% in fiscal 2025 to USD 16.2 million; Q1 2026 revenue increased 45% year-over-year to USD 4.64 million.
