KARACHI: A UAE-based technology giant has made its debut investment in Pakistan by backing a homegrown fintech catering to the logistics industry.
Yango Group, through its $20 million corporate venture arm, Yango Ventures, has acquired a stake in Trukkr — a platform serving Pakistan’s $35 billion logistics market. The funding will fuel Trukkr’s expansion, enhance its credit-scoring technology, and boost financial access for thousands of unbanked trucking businesses.
“Pakistan’s logistics sector holds immense potential, and Trukkr is driving it forward by equipping operators with the financial tools they need to grow and succeed,” said Yango Group CEO Daniil Shuleyko. “This is exactly the kind of local innovation we aim to support, and it marks only the beginning of our journey in Pakistan.”
Launched in 2019, Trukkr has digitized operations for over 20,000 drivers and more than 100 enterprise clients. After securing a non-banking finance company (NBFC) license from the Securities and Exchange Commission of Pakistan, the startup now offers working capital and fleet financing through its proprietary credit engine, Prism.
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With operations in over 30 global markets, Yango Group brings expertise in ride-hailing, e-commerce, fintech, and AI. Its investment in Trukkr is part of a wider strategy to accelerate digital transformation in emerging markets, particularly across the Middle East, North Africa, Sub-Saharan Africa, and Latin America.
“In addition to their strategic equity support, Yango’s expertise in cutting-edge logistics technology will help us strengthen our services in Pakistan and expand into new markets,” said Trukkr CEO Sheryar Bawany.