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Trella

Can a regional digital freight marketplace become the financial infrastructure layer for trucking SMEs across MENA by embedding financing and payments directly into the freight workflow?

Founded2019
HQCairo, Egypt
FoundersOmar Hagrass, Mohamed el Garem, Pierre Saad
Total raised$64.8M
Latest roundSeries A, June 2021
IndustryMarketplace / Logistics
The story

Founded in March 2019 by Egyptian entrepreneurs who went through Y Combinator, Trella started as a digital freight marketplace to address the fragmented trucking industry in Egypt. It rapidly expanded across MENAP, raising a $42M Series A in 2021 that included debt facilities from Lendable specifically for embedded freight financing. The company has moved beyond pure marketplace brokerage to embed financial services — notably freight financing for carriers — as a core value proposition, using transaction data to underwrite working capital products. Operations were streamlined from a four-country footprint (including Pakistan) to a focused three-market platform: Egypt, Saudi Arabia, and UAE.

Last 12 months
Product timeline
2019
Founded in Cairo, Egypt; joined Y Combinator; launched digital freight marketplace connecting shippers and carriers in Egypt.· pivot
2020
Expanded to Saudi Arabia and Pakistan; published thought leadership on digital payments transformation for logistics.· banking
2021
Closed $42M Series A led by Maersk Growth and Raed Ventures, including $12M debt facility from Lendable, to fund MENAP expansion.· lending
2022
Launched Logistech TPL platform in Egypt as a white-label or subsidiary freight marketplace product.· pivot
2023
Expanded to UAE; consolidated operations across Egypt, Saudi Arabia, and UAE as core three-country platform.· pivot
The stack
1 layer disclosed in Trella’s embedded-finance stack
Lending
LendableFreight financing for carriersWorking capital / debt facility
Accounting gap: significant