Trella, an Egyptian B2B marketplace for trucking, has obtained an additional sizeable finance facility from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC) to support the expansion of its business.
Trella, which launched in 2018, is a B2B technology platform and trucking marketplace that connects shippers with carriers in real-time.
The startup, which operates across the Middle East and Pakistan, has over 350 shipper partners, including household names like Coca-Cola, Maersk, Mondi, Henkel, Amazon, and DHL. Additionally, it works with over 30,000 carriers.
According to Omar Hagrass, CEO of Trella, “Trella’s activities will considerably benefit from the additional debt financing granted by ALMA with the support of the DFC guarantor.” “In an industry like ours, we need additional sources of financing to maintain our high-growth trajectory and serve the thousands of truckers throughout the region who require support to access more shipments, quicker payments, and other essential services,” the company stated.
According to Gautam Ivatury, managing partner of ALMA Sustainable Finance, “We are really happy to have the assistance of DFC to be able to extend more finance to high-growth digital enterprises such as Trella.” Since the DFC guaranty facility enables us to reach more businesses in these areas and have larger development impacts, we as debt lenders are able to give additional finance to lower-middle-income nations like Pakistan and Egypt.
The funding will go toward expanding Trella’s platform for MSME truckers in Egypt and Pakistan, two lower-middle-income nations where MSMEs are the main employers while having logistical difficulties.
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