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Monday, 15 March 2021

Swvl’s Co-founder Sabbah steps down to start fintech business

Swvl co-founder and CTO Ahmed Sabbah (LinkedIn) has announced his resignation, telling Enterprise that he intends to start his own consumer fintech business, without sharing further details. Sabbah co-founded the mass transportation startup with Mostafa Kandil and Mahmoud Nouh in 2017, and Swvl managed during this period to raise close to USD 90 mn and expanded into different countries such as Jordan, Kenya, Pakistan, and is working to expand into other Middle East markets. Sabbah is the second co-founder to leave after Nouh departed in 2019 to found a fintech startup called Capiter.

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