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Monday, 20 January 2020

Former Swvl co-founder Mahmoud Nouh launches fintech startup, Capiter

STARTUP WATCH- Swvl co-founder and former COO Mahmoud Nouh has launched a fintech startup called Capiter, months after leaving Swvl to “pursue new personal goals,” Menabytes reports. Nouh is listed as Capiter’s co-founder and CEO, working alongside co-founder and COO Ahmed Nouh. According to its website, Capiter reads like a tech-enabled provider of factoring services, writing that the company “pays suppliers immediately” when they sell to a client and then “collects the payments from [the clients] on flexible payment plans.” Capiter is currently in conversation with different investors in the region, Menabytes claims, to raise money to support its growth.

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