TruKKer Raises Up to $300 Million Financing Facility from ADCB

Abu Dhabi Commercial Bank (ADCB) acted as the sole arranger and lender for the deal. The financing is supported by TruKKer’s trade receivables portfolios across the different countries where the company operates.

This financing deal is one of the first multi-country, asset-backed securitisation transactions in the Middle East marking an important step forward for the region’s credit and financing markets. The deal helps connect traditional banks with fast-growing technology companies, creating a new model for funding digital businesses.

The financing structure was designed to work across the legal and regulatory systems of the UAE, Saudi Arabia, and Turkey. By securing large-scale institutional funding through this deal, TruKKer has strengthened its position as a reliable and financially trusted company as well as a major player in the regional logistics industry.

“This transaction is a milestone not only for TruKKer but also for the broader regional technology ecosystem. It gives us access to working capital at benchmark pricing and marks an important step in the evolution of our capital strategy. 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. “Transitioning from traditional equity funding to structured, non-recourse securitisation requires an institutional-grade technology and financial backbone. ADCB’s strong structuring capabilities and deep understanding of our operating model made them an ideal partner in designing a bespoke facility that can scale alongside our business.”

Debashis Dey, Partner at White & Case LLP commented: "This transaction is an excellent example of cross-border financial-optimised structuring. Harmonising a securitisation structure across originators based in the UAE, Saudi Arabia and Turkey was a complex legal challenge. We think it sets an amazing model for multi-country orignators in the Middle East, proving that bespoke structured credit solutions can successfully unlock institutional capital for fast-growth tech enterprises."

Founded in 2016 by Gaurav Biswas, TruKKer runs a digital freight and logistics network across the Middle East and Central Asia using AI-powered technology to manage transportation and delivery operations more efficiently.

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