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Swvl

Cairo – Accelerated at The American University in Cairo (AUC) Venture Lab, Swvl has made its debut on Nasdaq and is now the first $1 billion-plus Middle East unicorn to list on Nasdaq and the largest African unicorn debut on any U.S.-listed exchange. In 2017, Mostafa Kandil ’15 co-founded Swvl, an app that organized a convenient and customized public transportation alternative in Egypt, alongside Mahmoud Nouh and Ahmed Sabbah. Kandil started his studies as a petroleum engineering student at AUC but sought a more dynamic path as he was always keen on exploring the business world. In 2017, Swvl joined AUC Venture Lab, Egypt’s first University-based accelerator, which offers acceleration programs to high-growth, innovation-driven tech startups.