Egypt’s used car market is massive, informal, and notoriously hard to navigate. But Sylndr, a startup aiming to bring structure and trust to how Egyptians buy, sell, and finance cars, is moving fast to change that. The company just raised a $15.7 million Series A to accelerate its vision of becoming Egypt’s leading integrated mobility platform.

The round was led by Development Partners International (DPI) Venture Capital via the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Egyptian Gulf Holding, Uncovered Fund, Beltone Venture Capital, and Camel Ventures.

A Bet on Egypt’s Mobility Future

Founded in 2022, Sylndr started as a used-car marketplace. It quickly realized that solving Egypt’s mobility challenges meant going much deeper—building the rails for financing, after-sales services, and dealer digitization in a market where paper contracts, cash payments, and murky pricing dominate.

Now, Sylndr is positioning itself as a vertically integrated mobility player, one that not only connects buyers and sellers but also facilitates vehicle financing, ownership transfers, inspections, and more—all through a tech-first approach.

“This round allows us to scale nationally and expand our product offering as we continue building the go-to platform for mobility in Egypt,” said Omar El Defrawy, Sylndr’s co-founder and CEO. “We’re incredibly excited about this new chapter and deeply grateful for the support and belief our shareholders continue to place in our mission.”

New Vertical Launches

In 2025, Sylndr expanded beyond the marketplace model with the rollout of three new business lines:

• Sylndr Swift: A fully digital car financing platform offering faster, more accessible loans to consumers.
• Sylndr Plus: A service layer that includes inspections, maintenance, ownership diligence, and transfer—addressing common pain points in the car buying journey.
• Al-Ajans: A business program designed to help car dealers digitize, grow inventory, and improve how they reach customers.

These verticals are designed to turn Sylndr into a full-stack mobility platform—one that tackles every major friction point in the car ownership experience, from search to service.

“Sylndr is building the digital backbone of mobility in a market where access, trust, and financing have long been barriers to ownership,” said Ashley Lewis, Managing Partner at DPI Venture Capital. “Their integrated model brings together commerce, credit, and technology to fundamentally improve how Egyptians buy and sell cars.”

Why This Matters

Egypt’s used car market is valued in the billions. Yet it remains fragmented, informal, and low-trust. Many buyers rely on unverified listings, cash deals, and third-party brokers. Financing is difficult, especially for first-time or lower-income buyers, and service history is often impossible to verify.

Sylndr’s pitch is simple: bring transparency, tech, and financing into one platform. And if the model works in Egypt, it could have implications far beyond.

“The Sylndr team has shown sharp execution and a clear vision in transforming Egypt’s used-car market,” said Laila Hassan, General Partner at Algebra Ventures. “Their expansion into financing and vehicle services reflects both ambition and a deep understanding of local market dynamics.”

The Bigger Picture

This round follows Sylndr’s earlier seed investment and builds on the growing momentum in Egypt’s mobility and fintech space. As infrastructure digitizes and demand for consumer credit grows, platforms like Sylndr are uniquely positioned to serve both ends of the market—buyers seeking convenience and dealers seeking scale.

With backing from top regional and global investors, Sylndr is placing a long bet: that mobility in Egypt doesn’t just need a better platform—it needs a new playbook.