Egyptian transport start-up Swvl targets expansion in Africa, Asia [Reuters]
Maximus, Inc. (MMS)
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Source: Reuters
Egyptian transport start-up Swvl targets expansion in Africa, Asia - Reuters 3 Min Read * Swvl to enter Lagos and two cities in Pakistan by end-2019 * App to expand to Manila in first half of 2020 * Company seeks over $100 million in new funding round By Ehab Farouk and Yousef Saba CAIRO, Sept 16 (Reuters) - Egyptian transport technology start-up Swvl will expand into two cities in Pakistan in the next two weeks and begin operations in Nigeria’s commercial capital Lagos before the end of the year, its chief executive told Reuters. The firm, which operates buses along fixed routes and allows customers to reserve and pay for them using an app, will also expand into Manila in the first half of next year, its co-founder and CEO Mostafa Kandil told Reuters. “We will enter Lagos before the end of the year, and our eyes are on Dar es Salaam and Abidjan,” he said. The firm is also planning to launch in other South East Asian markets, he added. Kandil said the company is seeking to raise more
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MMS
Sec Filings
- 4/5/24 - Form 4/A
- 3/13/24 - Form 4
- 3/13/24 - Form 4
- MMS's page on the SEC website