Trukkr, a Logistics platform catering to Pakistan’s trucking industry, announced that it had secured $6.4 million in funding and obtained a non-banking financial company (NBFC) license. Trukkr’s unique offering provides transport management and supply chain solutions to small- and medium-sized trucking companies in Pakistan. Moreover, it offers fintech services to digitize a primarily unbanked and undocumented industry. The seed funding round was led by Accion Venture Lab, a U.S.-based company, and Sturgeon Capital, a London-based company. Other participants included Haitou Global, Al Zayani Venture Capital, and investor Peter Findley. According to Trukkr, less than 5% of the trucking companies that use its platform have access to financial services, leading to payment delays of up to 90 days and leaving them unable to cover expenses like fuel, tolls, and truck maintenance.
TRUKKR will be focusing on Nano and Micro Lending to augment the Financial Inclusion efforts.
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