Yango Group’s Inaugural Pakistan Investment Fuels Logistics Fintech Trukkr
Breaking new ground in Pakistan’s thriving tech landscape, UAE-based Yango Group, a leading global tech services ecosystem, has announced its inaugural investment in the country. Through its venture arm, Yango Ventures, the company has acquired a strategic stake in Trukkr, an innovative fintech platform dedicated to digitizing financial services within the logistics sector.
This significant investment is poised to empower Trukkr, enabling them to dramatically expand operations, fortify their proprietary credit-scoring tools, and unlock vital financial services for thousands of trucking businesses across Pakistan. Beyond just capital, Yango Group will lend its extensive product expertise and invaluable insights gleaned from operating in over 30 global markets, accelerating Trukkr’s growth trajectory and building a robust foundation for future expansion. This landmark deal not only signals Yango’s official entry into Pakistan’s vibrant startup ecosystem but also underscores its deep commitment to fostering long-term digital development within its key markets.
Yango Ventures, a $20 million corporate venture fund, is the investment arm of Yango Group, specifically designed to back promising early-stage startups across MENAP, Sub-Saharan Africa, and Latin America. Its unique value proposition lies in offering more than just funding; it provides crucial global expertise in areas like ride-hailing, e-commerce, fintech, and AI, helping portfolio companies achieve effective and sustainable scaling. The fund targets Seed to Series B stage investments, focusing on O2O, B2B SaaS, and FinTech sectors.
Daniil Shuleyko, CEO of Yango Group, expressed his enthusiasm for the collaboration, stating, “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 in a competitive market. We’re here to support that transformation with our experience and technology. This is the kind of local innovation we want to help grow, and it’s just the start of our work in Pakistan.”
Sheryar Bawany, CEO of Trukkr, reciprocated this excitement, highlighting, “We are excited to partner with Yango Group, in addition to their strategic equity investment, we find that their experience in building state of the art logistics tech and deploying it in over 30 countries will allow us to strengthen our offerings in Pakistan and beyond.”
Founded in 2019, Trukkr has rapidly emerged as a formidable force in transforming Pakistan’s massive $35B+ logistics market. By digitizing operations for over 20,000 drivers and more than 100 enterprise clients, Trukkr is actively modernizing a fragmented and largely unbanked industry. Their integrated SaaS platform offers comprehensive solutions, including fleet management, trip coordination, and invoicing. Crucially, Trukkr also provides embedded finance solutions such as working capital and fleet financing, powered by their proprietary credit engine, Prism, and a robust loan management suite – a capability significantly bolstered by their recent acquisition of an NBFC license from the SECP.
This investment aligns perfectly with Yango Group’s broader strategic vision: to empower entrepreneurs and spearhead digital transformation worldwide. Their holistic approach combines cutting-edge technology, unparalleled business expertise, and a deep commitment to nurturing local ecosystems, ultimately creating sustainable growth opportunities across diverse markets. Beyond direct investments, Yango Group actively supports entrepreneurial communities through professional networking events, partnerships with educational institutions, and by equipping future innovators with practical tools and essential skills.
The partnership between Yango Group and Trukkr represents a significant step forward for Pakistan’s logistics sector, promising enhanced efficiency, greater financial inclusion, and a digitally empowered future for thousands of businesses and drivers.