Egypt-based Sylndr secures $15.7 million investment to challenge the second-hand automobile sector
In the heart of Cairo, a tech-driven revolution is underway. Sylndr, a burgeoning startup, is on a mission to digitise and structure Egypt’s used-car market.
As an automotive-focused e-commerce marketplace, Sylndr is committed to building trust and transparency in the used-car sector, which has long been plagued by a lack of reliability in transactions. The company aspires to become the go-to platform where customers can buy and sell high-quality used vehicles, all while enjoying diverse financing solutions to make the process more accessible.
The startup's strategy is paying off. Sylndr recently secured a significant investment — a $15.7 million Series A round in 2025 — positioning it to scale operations and deepen its market presence in Egypt. This capital infusion will be used to expand the marketplace, further structure the fragmented used-car industry by leveraging technology and finance, and aim for wider market penetration and innovation within the automotive e-commerce space.
Since its launch in 2022, Sylndr has evolved from a car marketplace into a full-stack mobility platform. Its offerings now include financing, inspections, dealer services, Sylndr Swift (a digital car loan platform), Sylndr Plus (providing services like inspections, maintenance, and ownership transfers), and Al-Ajans, a toolkit to help local car dealers digitise and scale their operations.
The investors' faith in Sylndr's potential to revolutionise the mobility sector in Egypt is evident. Ashley Lewis, Managing Partner at DPI, which led the round via the Nclude Fund, stated that Sylndr is building the digital backbone of mobility in Egypt by blending commerce, credit, and technology to fix a broken system.
The used-car market in Egypt is vast but chaotic, with issues such as paper contracts, cash deals, and unverified listings. Sylndr aims to address these issues head-on, providing a seamless, digital platform that ensures trust, transparency, and accessibility for all.
Sylndr's growth has not gone unnoticed. The startup has received backing from top regional investors like Algebra Ventures, Nuwa Capital, and Raed Ventures. As Sylndr continues to scale, it is poised to become the dominant player in Egypt’s used-car digital market, leading the charge in Egypt’s tech-driven revolution.
The startup, Sylndr, is leveraging technology to structurally reform Egypt's used-car market, which is traditionally associated with business challenges. In the process of scaling operations, Sylndr intends to offer diverse financing options, thereby bringing technology, business, and finance together to facilitate a smoother and more accessible used-car trading process.
