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Swvl secures first UAE working capital facility with Zelo - SWVL News | Rallies

Swvl secures first UAE working capital facility with Zelo

SWVL•2026-09-01

Swvl secures first UAE working capital facility

Swvl secured its first working capital facility in the UAE with Zelo to fund launches of new enterprise accounts.

The facility targets short-term liquidity needs for new deployments, aiming to accelerate conversion of the UAE pipeline without shareholder dilution.
The move follows the UAE relaunch in December 2024, with the company citing about 5x revenue growth in the GCC market.
Swvl said its UAE enterprise pipeline spans multiple sectors, with transportation networks designed across multi-site, multi-shift operations.

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