Sylndr, the Egypt-based mobility startup, has raised $15.7 million in a Series A funding round, cementing its position as a leading vertically integrated platform in Egypt’s used car market.
The round was led by Development Partners International (DPI) via the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Egyptian Gulf Holding, Uncovered Fund, Beltone Venture Capital, and Camel Ventures.
Founded in 2022, Sylndr started as a used car marketplace but quickly realized that Egypt’s mobility problems needed deeper infrastructure—including financing rails, after-sales services, and digital dealer networks. Now, the company has transformed into a tech-first, full-stack mobility platform, streamlining the entire car ownership journey from buying to financing, inspections, and ownership transfers.
Omar El Defrawy, Co-Founder and CEO of Sylndr, stated:
“This round allows us to scale nationally and expand our product offering as we continue building the go-to platform for mobility in Egypt.”
“We’re incredibly excited about this new chapter and deeply grateful for the support and belief our shareholders continue to place in our mission.”
In 2025, Sylndr launched three new business verticals:
- Sylndr Swift: A fully digital car financing platform offering fast, accessible loans.
- Sylndr Plus: A service layer offering inspections, maintenance, and ownership transfer.
- Al-Ajans: A dealer program to support digitization, inventory expansion, and customer reach.
Ashley Lewis, Managing Partner at DPI Venture Capital, commented:
“Sylndr is building the digital backbone of mobility in a market where access, trust, and financing have long been barriers.” She emphasized that Sylndr’s integrated model of commerce, credit, and technology will significantly improve how Egyptians transact in the auto space.
Laila Hassan, General Partner at Algebra Ventures, added:
“The Sylndr team has shown sharp execution and a deep understanding of local dynamics,” highlighting that the company’s expansion into financing and services reflects bold and strategic ambition.
Egypt’s used car market is worth billions, yet remains fragmented, informal, and low-trust. Sylndr’s mission is clear: introduce transparency, digitization, and financial access in one unified platform. If successful, this model could inspire broader change across the region’s mobility and fintech landscape.
