KARACHI – UAE-based technology company Yango Group, through its $20 million corporate venture arm Yango Ventures, has acquired a stake in Pakistani fintech Trukkr, marking its first investment in the country.
Trukkr, founded in 2019, serves Pakistan’s $35 billion logistics market by digitizing operations for over 20,000 drivers and more than 100 enterprise clients. The fintech also provides working capital and fleet financing solutions, supported by its proprietary credit engine, Prism.
The investment aims to accelerate Trukkr’s expansion, enhance its credit-scoring technology, and extend financial access to thousands of unbanked trucking businesses across Pakistan.
“Pakistan’s logistics sector is full of potential, and Trukkr is helping move it forward — by giving operators the financial tools they need to scale and succeed,” said Daniil Shuleyko, CEO of Yango Group. “This is the kind of local innovation we want to help grow, and it’s just the start of our work in Pakistan.”
Earlier this year, Trukkr secured a non-banking finance company (NBFC) license from the Securities and Exchange Commission of Pakistan, enabling it to offer credit solutions tailored to the logistics industry.
Commenting on the development, Sheryar Bawany, CEO of Trukkr, said: “In addition to their strategic equity investment, we find that their experience in building state-of-the-art logistics tech will allow us to strengthen our offerings in Pakistan and beyond.”
Yango Group operates in over 30 global markets, with expertise spanning ride-hailing, e-commerce, fintech, and AI. The investment in Trukkr aligns with its broader strategy to drive digital transformation in emerging markets, particularly in the Middle East, North Africa, Sub-Saharan Africa, and Latin America.
