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    Mahmoud Nouh

    CEO at Capiter - Swvl Cofounder & x-COO - Forbes 30U30 - Endeavor Entrepreneur

    Mahmoud Nouh is an Egyptian entrepreneur who co-founded Capiter, a B2B e-commerce platform based in Cairo.14 He served as the CEO of Capiter until September 2022, when he was removed from his position by the company's board of directors.13

    Prior to founding Capiter, Mahmoud was the co-founder and COO of SWVL, a ride-hailing company based in Egypt and Dubai.16 He has also been recognized as a Forbes 30 Under 30 honoree and an Endeavor Entrepreneur.2

    Capiter, founded in 2020, was a B2B marketplace that connected manufacturers, brands, wholesalers, and retailers on a single platform, providing access to financial services.14 The company raised $33 million in a Series A funding round in September 2021.6

    However, in September 2022, Capiter faced significant challenges. The board of directors removed Mahmoud Nouh and his brother Ahmed Nouh (COO) from their positions, citing their inability to fulfill fiduciary duties and failure to report to the board during due diligence meetings for a potential merger.13 This event was accompanied by allegations of financial mismanagement and reports of unpaid salaries and mass layoffs at the company.13

    As of February 2024, Mahmoud Nouh appears to be working as a Startup Mentor at Rockstart, according to his LinkedIn profile.25

    Highlights

    Oct 27 · techcrunch.com
    Dispute between founders and board leaves Capiter in arrears to ...
    Sep 13 · wamda.com
    What are the repercussions of Capiter's downfall? - Wamda
    Sep 11 · aya.media
    Capiter's board of directors removes the company's CEO and COO
    Capiter's board of directors removes the company's CEO and COO
    Sep 11 · enterprise.press
    Capiter board fires CEO, COO as company looks set to become first ...
    Capiter board fires CEO, COO as company looks set to become first ...
    Sep 9 · techcrunch.com
    Founders of well-funded Egyptian B2B startup Capiter fired following ...
    Jul 17 · yourstory.com
    Capiter Company Profile Funding & Investors | YourStory

    Related Questions

    What was Mahmoud Nouh's role at SWVL before founding Capiter?
    How did the board's decision impact Capiter's operations and employees?
    What are the main allegations against Mahmoud Nouh and Ahmed Nouh?
    How did Mahmoud Nouh respond to the allegations during his TV appearance?
    What was the outcome of the potential merger that Capiter was involved in?
    Mahmoud Nouh
    Mahmoud Nouh, photo 1
    Mahmoud Nouh, photo 2
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    Location

    Cairo, Egypt