KARACHI: A UAE-based technology company has made its first investment in Pakistan, backing a local fintech that provides digital financial services to the logistics sector, the company said on Friday.

Yango Group, through its $20 million corporate venture arm Yango Ventures, acquired a stake in Trukkr, a platform that serves Pakistan’s $35 billion logistics market.

The investment will support Trukkr’s expansion, improve its credit-scoring technology and help increase financial access for thousands of unbanked trucking businesses.

“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,” said Daniil Shuleyko, CEO of Yango Group.

“This is the kind of local innovation we want to help grow, and it’s just the start of our work in Pakistan,” he added.

Founded in 2019, Trukkr digitizes operations for more than 20,000 drivers and over 100 enterprise clients.

Following its acquisition of a non-banking finance company (NBFC) license from Pakistan’s Securities and Exchange Commission, Trukkr now offers working capital and fleet financing powered by its proprietary credit engine, Prism.

Yango Group operates across over 30 global markets and brings experience in ride-hailing, e-commerce, fintech and AI. Its investment in Trukkr is part of a broader strategy to drive digital transformation in emerging markets, particularly in Middle East, North Africa, Sub-Saharan Africa and Latin America.

“In addition to their strategic equity investment, we find that their experience in building state-of-the-art logistics tech will allow us to strengthen our offerings in Pakistan and beyond,” said Sheryar Bawany, CEO of Trukkr.