Sylndr, with fresh $15.7M, allows users to buy, sell, finance, and service used cars in Egypt

London and Cairo – 19 May 2025 – DPI Venture Capital, the venture capital platform of Development Partners International (DPI), via the Nclude Fund, has led Sylndr’s $15.7 million Series A round, backing the company’s mission to re-architect the used automotive market and expanding access to vehicle ownership for the masses, improving livelihoods, and enabling greater financial mobility. The round saw participation from Algebra Ventures, Nuwa capital, Raed Ventures, Uncovered Fund, Beltone Venture Capital, and Camel Ventures.

Sylndr is building a leading end-to-end mobility platform, facilitating used-car sales through integrating asset-backed financing, operational scalability, real-time pricing intelligence, and other services, all of which are essential pillars for shifting informal auto markets into efficient, tech-enabled ecosystems. With this new capital, Sylndr plans to scale its operations, deepen its technology capabilities, and broaden its product offering for both consumers and dealers.

Founded in 2021, Sylndr began as a trusted digital marketplace to buy and sell used vehicles. It has since evolved into a comprehensive platform that integrates commerce, credit, and vehicle services to address longstanding pain points in one of Egypt’s largest informal sectors. In 2025, Sylndr launched three new verticals: Sylndr Swift, a fully digital automotive financing solution; Sylndr Plus, a vehicle inspection and after-sales service platform; and Al-Ajans, a business enablement program for car dealers.

As Egypt’s car market grows and digitization accelerates, Sylndr is positioning itself at the center of this transformation, delivering a seamless and accessible experience across the vehicle ownership lifecycle.

“At DPI Venture Capital, we back founders that use technology to solve real problems at scale,” said Ashley Lewis, Managing Partner and Head of DPI Venture Capital. “Sylndr’s integrated model is redefining car ownership in a market where access, trust, and financing have long been barriers. We are proud to support their bold vision of building the digital infrastructure for mobility in Egypt and beyond.”

“This funding enables us to take the next big leap,” said Omar El Defrawy, Co-founder and CEO of Sylndr. “With the support of DPI Venture Capital and our investor partners, we are expanding across Egypt, launching new services, and continuing to build the most trusted platform for used cars and mobility in the region.”

Sylndr’s platform serves both consumers and dealers, combining innovative financing solutions with robust operational infrastructure. As the company scales, it aims to deepen personalization, enhance its credit offerings, and expand partnerships with financial institutions, dealers, and service providers.

DPI Venture Capital’s investment via the Nclude Fund reflects growing momentum in Egypt’s tech and mobility sectors, where local champions are building category-defining platforms with regional potential. DPI Venture Capital remains committed to supporting visionary founders like the Sylndr team as they reshape key markets across Africa and the Middle East.

About Sylndr
Sylndr is Egypt’s leading used-car platform, offering a seamless, transparent, and fully digital experience to buy, sell, finance, and service vehicles. The company’s mission is to simplify car ownership and build the most trusted mobility platform in Egypt and the region.

About DPI Venture Capital: https://www.dpi-llp.com/dpi-venture-capital/

DPI Venture Capital is the venture platform of Development Partners International (DPI), the leading pan-African investment firm managing over $3 billion in assets and active across more than 40 countries across Africa, as well as and several Middle Eastern countries. DPI Venture Capital backs early to growth-stage technology companies, with a focus on fintech and fintech-enabled startups from Seed through Series C via the Nclude Fund, the largest dedicated fintech fund in Africa. With a presence in Cairo, Lagos, Dubai, and London, the platform brings deep operational expertise and a strong network to help founders scale across markets.

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Website: www.sylndr.com