Trella Secures Further $6m Debt Funding
The Egyptian-based startup is a B2B technology platform and trucking marketplace connecting shippers with carriers in real-time.
Trella has secured a further significant debt facility from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC) to support the growth of its operations.
The company is 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.
ALMA’s debt financing, backed by the DFC guaranty, will support the expansion of Trella’s platform for MSME truckers in lower-middle-income countries Egypt and Pakistan, where MSMEs provide the bulk of employment but face operational challenges. The project will also benefit from the technical assistance of USAID/Pakistan and USAID/Egypt.
Gautam Ivatury, Managing Partner at ALMA Sustainable Finance said: “We are very pleased to have the support of DFC to extend more capital to high-growth digital businesses such as Trella. As debt lenders, we want to extend more financing in lower-middle-income countries such as Pakistan and Egypt. Having the DFC guaranty facility allows us to reach more companies in these regions and have broader development impacts.”
Omar Hagrass, CEO of Trella said: “Trella’s operations will benefit greatly from the additional debt financing extended by ALMA with the support of the DFC guaranty. 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.”