May 20, 2025 - 11:53
Cairo-based Sylndr has successfully raised $15.7 million in funding, marking a significant step in its mission to transform the used car market in Egypt. Originally focused on online sales of pre-owned vehicles, the company is now expanding its offerings to include auto financing and servicing, as well as providing essential tools for car dealers.
This latest funding round highlights the growing demand for streamlined and accessible solutions in the automotive sector, particularly in emerging markets like Egypt. By diversifying its services, Sylndr aims to create a comprehensive platform that not only facilitates the buying and selling of used cars but also supports customers throughout the entire ownership experience.
With this investment, Sylndr is poised to enhance its technology and infrastructure, ensuring a seamless experience for users. The company’s commitment to innovation in the automotive space reflects the evolving landscape of consumer needs and the increasing importance of digital solutions in the marketplace.
