His Highness Sheikh Mohamed bin Zayed Al Nahyan, tweeted, “The launch of our new economic campaign aims to secure the UAE’s position as one of the strongest global economics over the next 50 years. Our nation will build on its entrepreneurial achievements to reinforce its status as a prime destination for talent, expertise & investments.”

Mostafa Kandil, Swvl Founder and CEO, said, “We greatly appreciate that many highly regarded global investors have clear confidence in our growth strategy. With this immediate infusion of growth capital, we are even better positioned to bring our transformative daily commuting, inter-city retail travel, and TaaS offerings to new markets. Every day we are also advancing our mission.”

Nicholas Watson, Managing Director said, “Our technology stack and SaaS platform have allowed us to scale our fleet of cars, customers, and trip counts five times faster than traditional market players. With our new strategic investors, we now have unfettered access to invaluable experience in regional market dynamics, FinTech, and mobility—a perfect combination for where we are heading.”

The Oracle Cloud implementation is key to the success, thus enabling to respond quickly and transparently to businesses that operate in the tourism ecosystem. The integration and automation of core business functions also allows to scale the operations quickly and securely, introduce innovative solutions to support tourism sector SMEs, and monitor the performance of the fund in real time.

MasterClass, which sells a subscription to celebrity-taught classes, sits on the […]