Egyptian platform Dawar Circular Solutions has secured nine-figure financing facilities denominated in Egyptian pounds from several domestic financial institutions. The funding comes from non-banking financial services provider GlobalCorp, trade finance and supply chain finance company Tawassou, and private sector banking group Commercial International Bank (CIB).

The total value of the facilities is in the hundreds of millions of EGP. At current exchange rates, this equates to approximately $2 million–$20 million USD, though the exact amount has not been disclosed by the company or its lenders.

The facilities will be used to finance the trade of recyclable materials moving through Dawar’s digital infrastructure platform, which tracks and verifies the flow of recyclables across collection points, terminals and traders.

Founded in 2017 by Amr Fathi, Mustafa Khairat and Hussein Barda, Dawar operates a digital infrastructure layer for recyclable material flows. The company has documented more than 90,000 tons of materials across 22 governorates in Egypt to date.

By providing traceability for waste recovery systems, the platform helps transform dispersed, informal collection networks into audit-ready supply chains. Each transaction and movement of materials is recorded, allowing the origin, processing and manufacturing of recyclables to be verified.

This level of documentation enables recyclables to meet evolving regulatory requirements — both domestically and in international markets that increasingly demand proof of responsible sourcing.

The newly secured facilities will fund the trade of recyclable materials passing through Dawar’s network. The company’s technology provides the traceability infrastructure that allows these flows to be documented, verified and — crucially — financed.

For financial institutions, the platform generates reliable data on material provenance and movement, addressing long-standing information gaps that have made waste supply chains difficult to fund. This data reduces risk for trade finance lenders and unlocks working capital for waste sector operators.

As its domestic network scales, Dawar is evaluating opportunities outside Egypt. The company is targeting markets facing similar structural challenges — fragmented waste collection, limited formal traceability and growing regulatory pressure — where a digital infrastructure layer could accelerate the formalisation of waste value chains.

No specific markets or timelines have been announced.