Swvl Holdings Corp (Nasdaq: SWVL) has entered into a definitive securities purchase agreement for a $13 million private placement, led by Coefficient LP, a Houston-based investment firm backed by the Sawiris family of Cairo, Egypt.

Coefficient has agreed to invest $10 million in the offering, which would make it Swvl's largest institutional shareholder upon closing. An existing Swvl shareholder is contributing the remaining $3 million. The transaction is expected to close Aug. 27, 2026, subject to customary closing conditions.

Under the terms of the agreement, Swvl will issue 8,990,317 Class A shares at $1.446 per share. Abdalla Ali, founder and managing partner of Coefficient, will join Swvl's board of directors upon closing.

Swvl said it intends to use the proceeds to expand operations in the United States, launch a lending offering for transport operators in its network, and strengthen its balance sheet to support enterprise and government contracts.

The company reported revenue of $8.2 million in the first quarter of 2026, representing 68% year-over-year growth compared to the first quarter of 2025. Gulf Cooperation Council revenue grew 111% over the same period. Recurring revenue accounted for 88% of total revenue, and operating expenses fell to 23% of revenue.

Swvl founder and CEO Mostafa Kandil said the investment marks the start of the company's U.S. operations. "We believe that our results demonstrate that Swvl's enterprise-first model can scale profitably," Kandil said.

The securities are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933 and have not been registered under the Securities Act. Swvl has agreed to file a resale registration statement covering the securities issued to Coefficient.

Swvl currently serves enterprise and government clients across Egypt, Saudi Arabia, the UAE, Kuwait, Qatar, and the United Kingdom, in addition to its newly started U.S. operations.