The ASEP 2024 program will provide critical support to 450 startups by fully covering travel expenses such as airfare, accommodation, local transportation, and visa costs.
The deals, signed during Q3 2024, bring Swvl’s total business in the country to new heights as the company strengthens its presence across major cities including Riyadh, Dammam, Madina, and Jubail.
Africa’s mid-market businesses — often too large for microfinance but too small or risky for traditional bank lending — face an estimated $330 billion annual financing shortfall, according to the African Development Bank.
