The company is using fresh funding led by Houston-based Coefficient to expand its corporate transportation business into the US. 

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The US is becoming the next test for Swvl, which has spent the past few years moving away from consumer ride-hailing and toward transportation services for businesses and government organizations. The company has agreed to raise $13 million in a private placement led by Houston based Coefficient LP, with the proceeds going toward its US expansion, a planned lending offering for transportation operators and partners, and its pipeline of enterprise and government contracts. Coefficient will invest $10 million, while an existing shareholder will contribute another $3 million, and the firm's founder and managing partner, Abdalla Ali, will join Swvl's board. 

That change has been building over several years, but Swvl's recent results show how far the shift has progressed. B2B customers now account for the vast majority of its revenue, with the company reporting strong growth in its enterprise business and a return to profitability in 2025. Much of that momentum has come from the Gulf, particularly the UAE, Saudi Arabia and Kuwait, where Swvl has been building longer term transportation relationships with employers and government linked organizations. A five-year UAE agreement worth up to $5.5 million announced earlier this year is one example of the type of contract the company is now pursuing, while its first quarter results showed that enterprise growth continuing into 2026. 

Now, the US gives Swvl a chance to see how much of that experience can travel. The company has only recently started operating in the market, where transportation management is already served by established operators and technology providers. Its proposition is entering a market with a different customer base and competitive structure from the Gulf, so winning enterprise and government contracts will require more than simply replicating the regional playbook. Ali's appointment to the board also gives the new investor a direct presence as Swvl develops its US operation, although neither company has detailed how much operational support will come with the investment beyond the capital and board representation. Some of the new capital will also go toward developing a lending offering for transportation operators and partners in Swvl's network. The company has not provided enough detail about the proposed product to establishits potential scale or structure, making it too early to treat it as a significant new revenue stream. The core enterprise transportation business remains the clearer measure of whether the company's recent progress can be sustained, particularly as it takes that model into a market where it has fewer established relationships and faces a deeper field of competitors. 

Swvl's return to profitability in 2025 gives the expansion a stronger financial backdrop than some of its earlier growth efforts, although the turnaround is still relatively recent and the US operation is at an early stage. The $13 million gives the company additional capital to pursue the opportunity, while its recent growth provides a stronger base from which to do so. What matters next will be whether the enterprise relationships that have driven its Gulf business can translate into new contracts and recurring revenue in the US without pushing the company back toward the kind of expansion costs that weighed on its earlier growth. 

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