Sylndr, an Egyptian automotive e-commerce startup, has closed a $15.7 million Series A funding round, positioning itself to become the country’s leading integrated platform for used car sales, financing, and servicing.
The round was led by Development Partners International (DPI) through the Nclude Fund, and joined by returning investors Algebra Ventures, Raed Ventures, Nuwa Capital, and Uncovered Fund. New backers include Egyptian Gulf Holding, Beltone Venture Capital, and Camel Ventures.
Founded in 2021 by Omar El Defrawy, Sylndr began as a consumer-focused car resale platform offering refurbished vehicles with warranties. Today, the startup operates a full-stack mobility ecosystem that includes online auto financing, car servicing, and a marketplace for third-party dealers.
Product Expansion & Innovation
The new funding will fuel Sylndr’s strategic plans to:
- Expand operations across major Egyptian cities.
- Strengthen its data-driven pricing and vehicle quality algorithms.
- Grow its automotive financing arm via Sylndr Swift, the company’s fully digital credit product.
“This funding milestone enables us to scale faster and tackle the biggest challenges in Egypt’s used car sector: price transparency, credit access, and vehicle trust,” said Omar El Defrawy, CEO and Co-founder of Sylndr.
“Our mission is to make car ownership simpler, smarter, and more affordable. Whether you’re buying your first vehicle or managing a fleet, Sylndr wants to be your digital partner,” added El Defrawy.
