MENA-based digital freight network TruKKer secured an inaugural trade receivables securitisation facility of up to $300 million arranged and funded by Abu Dhabi Commercial Bank (ADCB).
The facility is backed by portfolios of trade receivables across the UAE, Saudi Arabia, and Turkey.
The transaction is among the GCC’s first multi-jurisdictional, asset-backed securitisations structured for a high-growth technology startup.
Founded in 2016 by Gaurav Biswas, TruKKer operates a digital freight network across the Middle East and Central Asia using AI-driven logistics technology.
The financing was structured as a non-recourse securitisation using a murabaha facility harmonised across multiple legal jurisdictions.
