Egypt based B2B truck hailing platform, Trella, has announced it obtained a $6 million debt funding from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC) to support the growth of its operations.
- Founded in 2018, Trella is a B2B technology platform and trucking marketplace connecting shippers with carriers in real-time. Active across the Middle East and Pakistan, the startup has more than 350 shipper partners, including blue-chip brands such as Coca-Cola, Maersk, Mondi, Henkel, Amazon, and DHL. It also has over 30,000 carrier partners.
- In June last year, Trella closed a $42 million Series A funding round, comprising $30 million in equity and $12 million in debt facilities, to help it expand its operations. Last month, the startup obtained an undisclosed debt capital from Contact Financial Holding again.
- “In an industry like ours, we need new sources of capital to maintain our high-growth trajectory and reach the thousands of truckers across the region who need support to access more shipments, faster payments, and other integral services,” Omar Hagrass, CEO of Trella said in a statement.
- ALMA’s debt financing, backed by the DFC guaranty, will support expansion of Trella’s platform for MSME truckers in low-middle-income countries like Egypt and Pakistan, where MSMEs provide the bulk of employment but face operational challenges. The project will also benefit from technical assistance provided by both USAID/Pakistan and USAID/Egypt.