TruKKer, the Middle East’s premier digital freight network, has successfully closed a landmark $300 million trade receivables securitisation facility.
This inaugural deal, arranged and funded solely by Abu Dhabi Commercial Bank (ADCB), is backed by portfolios across TruKKer’s diverse operating geographies.
A Regional First for the Tech Ecosystem
The facility represents a significant milestone as one of the first multi-jurisdictional, asset-backed securitisations for a high-growth startup in the GCC.
By utilizing a non-recourse Murabaha structure, the deal successfully harmonizes complex legal frameworks across the UAE, Saudi Arabia, and Turkey, setting a new blueprint for financing the digital economy through institutional-grade capital.
Strategic Growth and Financial Sophistication
“This transaction marks a key inflection point in our journey to build the ‘Uber of Trucks’ for the region,” stated Gaurav Biswas, Founder & CEO of TruKKer.
He emphasized that the facility provides access to working capital at benchmark pricing, transitioning the company from traditional equity funding to a sophisticated, “bankable” enterprise.
Expert Legal and Operational Architecture
The complex cross-border transaction was facilitated by top-tier legal and financial partners:
White & Case LLP and Paul Hastings: Served as legal counsel to architect the regulatory framework.
HSBC: Acted as Facility Security Trustee and Account Bank, managing collateral across multiple jurisdictions.
Future Outlook
With this $300 million injection, TruKKer is positioned to optimize its carrier network and expand its footprint across the multi-billion-dollar regional freight industry.
This deal proves that bespoke structured credit can successfully unlock massive institutional capital for fast-growth Middle Eastern tech enterprises.
