Swvl completed the merger with Queen's Gambit Growth Capital in a $165m.

Swvl, a tech company, completed the merger with Queen's Gambit Growth Capital, a private equity firm, in a $165m deal. "Completing our business combination with Queen's Gambit is a tremendous milestone for Swvl and for sustainable mass transit globally. Mobility and the empowerment that comes with it should be a fundamental right for all. As a public company, we plan to build on Swvl's exponential growth to date and proprietary tech-enabled platform, ensuring that underserved populations have access to solutions that are safe, convenient and affordable. In turn, we will leverage our best-in-class team, established partnerships and proprietary tech stack with differentiated solutions," Mostafa Kandil, Swvl Founder and CEO.