The digital freight platform closed an asset-backed securitization facilities as it scales operations across the region.

TruKKer secured a trade receivables securitization facility worth up to USD 300 million, as the digital freight network looks to expand its operations and strengthen its presence across regional markets.

Why You Should Care

The deal reflects how regional fintech and logistics startups are increasingly accessing more sophisticated financing structures beyond traditional venture capital. Instead of raising another equity round, TruKKer tapped institutional credit markets through a structured non-recourse facility backed by trade receivables across multiple countries.

For the region’s startup ecosystem, the transaction signals growing confidence from banks in the underlying cash flows of large technology platforms operating across MENA.

TruKKer said the facility will support the expansion of its digital freight network, optimization of its carrier network, and continued growth across regional markets.

Abu Dhabi Commercial Bank (ADCB) acted as the sole arranger and sole lender for the bespoke facility. The facility is backed by portfolios of trade receivables across TruKKer’s operating geographies. 

The transition from equity fundraising toward a structured, non-recourse securitisation requires an institutional-grade backer such as ADCB.

Founded in 2016 by Gaurav Biswas, TruKKer Holding Limited is a digital freight network across MENA and Central Asia. It operates a real-time, technology-enabled AI-driven freight marketplace. The company uses its technology platform to match freight demand with carrier capacity across fragmented logistics markets.

The facility was structured as a non-recourse securitisation. The financing through using a murabaha facility harmonizes legal and regulatory frameworks across the UAE, Saudi Arabia, and Turkey.

“The facility represents a key inflection point in our journey to build the ‘Uber of Trucks’ for the region, while supporting the development of logistics as a core enabler of our economies,” said Gaurav Biswas, Founder & CEO of TruKKer. 

The company plans to use the facility to expand its digital freight network and optimize carrier operations across its regional markets.

Global 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 different jurisdictions.

The Ripple

The transaction highlights how regional banks are becoming more involved in financing technology companies through structured debt products rather than relying solely on venture capital participation.

It also reflects growing institutional interest in logistics infrastructure and freight digitization across the Gulf, particularly as regional economies continue investing in supply chains, trade corridors, and cross-border commerce.

For startups operating at scale, securitization facilities could gradually emerge as an alternative source of growth capital, especially for businesses with predictable receivables and multi-market operations.

What to Watch

Attention will now shift to how TruKKer deploys the USD 300 million facility across its regional operations, particularly as it expands its digital freight network and optimizes carrier operations across multiple markets.

The transaction may also encourage more large technology platforms in MENA to explore structured financing solutions tied to operating performance and receivables rather than relying solely on equity fundraising.