Pakistan’s Trukkr raised $6.4 million in SEED funding led by US-based Accion Venture Laband London-based Sturgeon Capital where Haitou Global, Al Zayani Venture Capital, and angel investors also participated.
Trukkr provides a transport management system and supply chain solutions to Pakistan’s small and medium-sized trucking companies, as well as fintech to digitise the largely unbanked and undocumented industry. According to Trukkr, less than 5% of trucking companies using its platform have access to financial services, and they frequently have to wait up to 90 days for payments, leaving them unable to cover expenses such as fuel, tolls, and truck maintenance.
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