TruKKer Secures $300M Facility for Digital Freight Expansion

TruKKer, a technology-enabled freight marketplace connecting businesses with trucking and carrier networks across MENA and Central Asia, has secured a trade receivables securitisation facility of up to $300 million to support its next phase of expansion.

The facility was arranged and financed solely by Abu Dhabi Commercial Bank through a bespoke non-recourse structure backed by portfolios of trade receivables across TruKKer’s operating markets.

According to the company, the financing was structured under a murabaha framework to align with legal and regulatory requirements across the UAE, Saudi Arabia, and Turkey.

Founded in 2016 by Gaurav Biswas, TruKKer uses real-time technology systems to match freight demand with available carrier capacity across fragmented regional logistics markets.

The company stated that the new financing will support the expansion of its digital freight network while improving carrier operations and logistics efficiency across its markets.

Biswas described the facility as a major step in the company’s broader effort to scale logistics infrastructure and freight digitisation across the region.

International law firms White & Case LLP and Paul Hastings advised on the legal structure of the transaction, while HSBC acted as Facility Security Trustee and Account Bank across the involved jurisdictions.