Latest news with #DaniilShuleyko
Business Recorder
2 days ago
- Automotive
- Business Recorder
Yango Group made first investment in Pakistan acquiring a stake in Trukkr
KARACHI: Yango Group, a UAE based tech company, has made its first investment in Pakistan through Yango Ventures acquiring a stake in Trukkr, a fintech platform digitizing financial services for the logistics sector. The deal marks the company's entry into the Pakistani startup ecosystem and reflects Yango's commitment to supporting long-term digital growth across its markets. The investment will help Trukkr expand its operations, strengthen its credit-scoring tools, and improve access to financial services for thousands of trucking businesses across Pakistan. In addition to capital, Yango will support Trukkr with product expertise and insights from over 30 global markets, helping the company scale faster and build stronger foundations for growth. Yango Ventures is a $20 million corporate venture fund of Yango Group aimed at supporting promising startups in MENAP, Sub-Saharan Africa, and Latin America. Through Yango Ventures, the company provides early-stage companies not only with capital, but also with global expertise in ride-hailing, e-commerce, fintech, and AI, helping them scale effectively and sustainably. Commenting on this development, Daniil Shuleyko, CEO of Yango Group said that Pakistan's logistics sector is full of potential, and Trukkr is helping move it forward-by giving operators the financial tools they need to scale and succeed in a competitive market. 'We're here to support that transformation with our experience and technology. This is the kind of local innovation we want to help grow, and it's just the start of our work in Pakistan,' he added. Sheryar Bawany, CEO of Trukkr said that, in addition to Yango Group strategic equity investment, Trukkr find that their experience in building state of the art logistics tech and deploying it in over 30 countries will allow us to strengthen our offerings in Pakistan and beyond. Trukkr, founded in 2019, is transforming Pakistan's $35B+ logistics market by digitizing operations for over 20,000 drivers and 100+ enterprise clients. Following an acquisition of an NBFC license from the SECP, Trukkr now offers working capital and fleet financing solutions, powered by its proprietary credit engine, Prism, and a robust loan management suite. Yango Ventures is part of Yango Group's broader strategy to empower entrepreneurs and drive digital transformation globally. Copyright Business Recorder, 2025
Business Recorder
2 days ago
- Business
- Business Recorder
Entering Pakistan startup ecosystem, UAE-based Yango Group acquires stake in fintech Trukkr
Yango Group, a UAE based tech company, has acquired a stake in Trukkr, a fintech platform in Pakistan, making its first investment in the country through Yango Ventures, according to a statement on Friday. The investment would help Trukkr expand its operations, strengthen its credit-scoring tools, and improve access to financial services for thousands of trucking businesses across Pakistan, the statement said. 'In addition to capital, Yango will support Trukkr with product expertise and insights from over 30 global markets — helping the company scale faster and build stronger foundations for growth. The deal marks the company's entry into the Pakistani startup ecosystem and reflects Yango's commitment to supporting long-term digital growth across its markets.' Yango, inDrive and GoEasy: Who will benefit from Careem's exit? Yango Ventures is a $20 million corporate venture fund of Yango Group aimed at supporting startups in MENAP (Middle East, North Africa, Afghanistan, and Pakistan region), Sub-Saharan Africa, and Latin America. Through Yango Ventures, the company provides early-stage companies not only with capital, but also with global expertise in ride-hailing, e-commerce, fintech, and artificial intelligence (AI) — helping them scale effectively and sustainably. 'Pakistan's logistics sector is full of potential, and Trukkr is helping move it forward — by giving operators the financial tools they need to scale and succeed in a competitive market. We're here to support that transformation with our experience and technology. This is the kind of local innovation we want to help grow, and it's just the start of our work in Pakistan.' Daniil Shuleyko, CEO of Yango Group, was quoted as saying in the statement. 'We are excited to partner with Yango Group, in addition to their strategic equity investment, we find that their experience in building state of the art logistics tech and deploying it in over 30 countries will allow us to strengthen our offerings in Pakistan and beyond' said Sheryar Bawany, CEO of Trukkr. In 2023, Trukkr raised $6.4 million in a funding round and also received a non-banking financial company (NBFC) licence. According to the information available on its website, Trukkr is a digital logistics platform that offers SaaS (Software-as-a-Service) solutions with embedded finance capabilities to drive efficiency for all stakeholders across the logistics spectrum.
Arab News
2 days ago
- Automotive
- Arab News
UAE-based tech firm makes debut investment in Pakistan's startup ecosystem
KARACHI: A UAE-based technology company has made its first investment in Pakistan, backing a local fintech that provides digital financial services to the logistics sector, the company said on Friday. Yango Group, through its $20 million corporate venture arm Yango Ventures, acquired a stake in Trukkr, a platform that serves Pakistan's $35 billion logistics market. The investment will support Trukkr's expansion, improve its credit-scoring technology and help increase financial access for thousands of unbanked trucking businesses. 'Pakistan's logistics sector is full of potential, and Trukkr is helping move it forward — by giving operators the financial tools they need to scale and succeed,' said Daniil Shuleyko, CEO of Yango Group. 'This is the kind of local innovation we want to help grow, and it's just the start of our work in Pakistan,' he added. Founded in 2019, Trukkr digitizes operations for more than 20,000 drivers and over 100 enterprise clients. Following its acquisition of a non-banking finance company (NBFC) license from Pakistan's Securities and Exchange Commission, Trukkr now offers working capital and fleet financing powered by its proprietary credit engine, Prism. Yango Group operates across over 30 global markets and brings experience in ride-hailing, e-commerce, fintech and AI. Its investment in Trukkr is part of a broader strategy to drive digital transformation in emerging markets, particularly in Middle East, North Africa, Sub-Saharan Africa and Latin America. 'In addition to their strategic equity investment, we find that their experience in building state-of-the-art logistics tech will allow us to strengthen our offerings in Pakistan and beyond,' said Sheryar Bawany, CEO of Trukkr.
Broadcast Pro
30-07-2025
- Business
- Broadcast Pro
Yango Group opens African headquarters in Abidjan
The new hub strengthens Yango Group's long-term strategy in Africa, supporting local innovation, entrepreneurship and digital infrastructure development. Yango Group, a UAE-based technology company operating in more than 30 countries, has established a new African regional headquarters in Abidjan, Côte d'Ivoire. The new hub will oversee Yango's expanding operations across Africa and serve as a central base for innovation and coordination. With approximately 200 employees already active across the region, the company plans to further scale its local workforce in the coming year. Africa holds special significance for Yango, having been the launchpad for its international journey in 2018, starting in Côte d'Ivoire. Since then, the company has grown its footprint to 16 African countries, offering a range of digital services through its integrated Super App, including ride-hailing, food delivery, navigation, e-commerce and digital payments. The new regional office in Abidjan will now function as the command center for further expansion and localization efforts. Yango Group CEO Daniil Shuleyko said: 'This new regional office in Abidjan is a new chapter in our journey across Africa. Our strategy is to build digital ecosystems that empower countries from within — using global technologies, but always rooted in local realities. Africa was where our journey started — and today, we are investing in the future by making Abidjan home to our largest office in Africa — and the center of our strategy for the continent.' Yango's approach goes beyond delivering standalone services. The company is committed to strengthening local value chains by developing digital platforms tailored to the specific needs of African markets. This includes plans to offer more business-focused solutions aimed at helping regional enterprises grow and scale through technology. A major pillar of Yango's long-term vision involves investment in local talent. As part of this, the company is expanding the Yango Fellowship programme to a pan-African level, aiming to equip hundreds of thousands of young people with critical digital skills. Already operational in Côte d'Ivoire, the Fellowship will use the new Abidjan office as its regional coordination and training hub for Africa. Daniil Shuleyko added: 'Our mission goes beyond providing digital services. By investing in talent and skills, especially among young people, we're helping build the foundation for long-term innovation and self-sustaining digital ecosystems across Africa. With programmes like the Yango Fellowship, we want to empower the next generation of African tech leaders.'
Zawya
29-07-2025
- Business
- Zawya
Yango Group opens a new regional office in Abidjan to power African growth
Yango Group ( a UAE-based tech company operating in over 30 countries, has opened a new African regional office in Abidjan. The hub will coordinate the company's growing operations across the continent and marks a new chapter in Yango's long-term commitment to Africa. With around 200 employees already on the ground, the company plans to scale its local capabilities in the coming year. Yango first launched in Côte d'Ivoire in 2018, making Africa its starting point. Since then, the company has expanded into 16 countries across the continent, building a diverse portfolio of digital services. With Abidjan now serving as its continental headquarters, Yango Group is deepening its regional presence and accelerating innovation tailored to local realities. 'This new regional office in Abidjan is a new chapter in our journey across Africa. Our strategy is to build digital ecosystems that empower countries from within — using global technologies, but always rooted in local realities ' said Daniil Shuleyko, CEO of Yango Group. 'Africa was where our journey started — and today, we are investing in the future by making Abidjan home to our largest office in Africa — and the center of our strategy for the continent.' Building digital ecosystems across Africa Yango Group's strategy is centered on building inclusive, locally adapted digital ecosystems that go far beyond individual services. By combining its global technologies with a hyperlocal approach, the company aims to support the continent's digital transformation. Across Africa, Yango already offers a broad portfolio of services — from ride-hailing and food delivery to navigation, e-commerce, and digital payments — all integrated into a single Super App. These services help unlock economic opportunity for drivers, couriers, small businesses, and users alike. As Yango Group expands, it plans to scale this model to new countries — creating platforms that reflect local needs and strengthen entire value chains. Yango also plans to roll out more tailored solutions for businesses across the region — helping them grow and scale through technology. Yango Fellowship to be extended to pan-African level As part of its long-term strategy to support digital transformation in Africa and beyond, Yango is scaling up its investment in local talent — a key enabler of sustainable tech adoption and innovation across the continent. The company is now taking the next step by expanding the Yango Fellowship to a pan-African level, aiming to equip hundreds of thousands of young talents with future-oriented digital skills across its African markets. Already active in Côte d'Ivoire, the program will establish Abidjan as its regional coordination and training center for the continent. 'Our mission goes beyond providing digital services,' said Daniil Shuleyko. 'By investing in talent and skills, especially among young people, we're helping build the foundation for long-term innovation and self-sustaining digital ecosystems across Africa. With programs like the Yango Fellowship, we want to empower the next generation of African tech leaders.' Distributed by APO Group on behalf of Yango Group. Press Contact: pr@ About Yango Group: Yango Group is an international tech company headquartered in Dubai, transforming globally sourced technologies into everyday services that are tailored to local communities. With an unwavering commitment to innovation, we reshape and enhance leading cutting-edge technologies from around the world into seamlessly integrated daily services for diverse regions. Our mission is to bridge the gap between leading world innovations and local communities, fostering connections and enhancing everyday living experiences. Yango provides its digital services in various industries, including ride-hailing, delivery, foodtech, entertainment among many others, across 30+ countries in Africa, Latin America, Europe, Middle East, and other regions.
