Buy & Finance Used Cars in Egypt with Sylndr's $15.7M Boost
Explore how Sylndr is transforming Egypt’s used car market with financing, servicing, and dealer tools after a $15.7M funding round.
Matilda
Buy & Finance Used Cars in Egypt with Sylndr's $15.7M Boost Looking to buy or sell used cars in Egypt? Sylndr is rapidly becoming the go- to platform for used car sales, auto financing, and car servicing in the region. With the used car market in Egypt booming due to currency fluctuations and a government ban on used car imports, Sylndr’s latest $ 15.7 million funding round comes at the perfect time. The Cairo- based startup is revolutionizing the way Egyptians access affordable and reliable vehicles, offering a fully digital experience that includes buying, selling, financing, and even servicing used cars — all under one platform. Image Credits:Sylndr This funding round, led by Development Partners International’s Nclude Fund , highlights investor confidence in Sylndr’s vision. It combines newly announced equity with seed funding and adds to a total of over $ 30 million raised to date , including nearly $ 10 million in local debt financing. Since its record- breaking $ 12.6 million pre- seed round in 2022 — the largest in Africa at…
