Egypt-based marketplace Sylndr raised $7.46 million in a debt financing round led by EFG Hermes to enhance customer experience and expand its financing options.
Nov 26, 2024•10 months ago
Amount Raised
$7.46 Million
Investors
Eg BankBank NxtEfg Corp SolutionsEfg Hermes
Description
Sylndr secured a $7.46 million capital facility to strengthen its position in Egypt's used car market. The facility was arranged with the assistance of EFG Hermes and involved several lenders, providing the company with necessary financial flexibility.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers