Latest news with #YangoVentures
Business Recorder
08-08-2025
- 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
08-08-2025
- 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.
Zawya
23-04-2025
- Business
- Zawya
GITEX Africa 2025: Yango Group showcases its technological innovations for urban mobility
MARRAKECH, Morocco -/African Media Agency (AMA): Yango Group, a global technology company that transforms cutting-edge technologies into everyday services tailored to local communities, has taken part in GITEX Africa 2025, which took place from April 14 to 16 in Marrakech, Morocco. This participation reflected Yango's continued commitment to supporting African tech ecosystems and promoting innovative mobility solutions across the continent. GITEX has offered Yango Group a platform to showcase its advanced technologies and their transformative impact on urban mobility in the MENAP region (Middle East, North Africa, Afghanistan, and Pakistan) and throughout Africa. The company has also presented its long-term commitment to the region's economic and technological development and innovation, reshaping and enhancing cutting-edge technologies into daily integrated services for diverse regions. 'At Yango Group, we see digital mobility as a key driver of Africa's economic and urban transformation. As digital platforms redefine how people and goods move through rapidly growing cities, we are building technology solutions that not only improve transport but also empower local entrepreneurs and tech ecosystems. Our presence at GITEX Africa reflects our commitment to this vision and to supporting sustainable growth across the continent' said Kadotien Alassane Soro, Country Head of Yango in Côte d'Ivoire. Kadotien Alassane Soro, Country Head of Yango in Côte d'Ivoire, also participated in a panel discussion 'Rethinking Mobility – Innovation, Platforms, and the Path to Sustainable Transport' on Tuesday, April 15. During this session, both Kadotien Alassane Soro, and Zanyiwe Asare, Head of Public Policy at Yango in Africa explored how ride-hailing and delivery services, multimodal integration, and fleet electrification are helping to create more efficient, accessible, and sustainable mobility ecosystems across Africa. The discussion also highlighted Yango Ventures, a corporate venture fund designed to empower promising startups across LATAM, Sub-Saharan Africa, MENAP, and other high-growth regions of the company's presence. The initiative aims to foster local innovation and entrepreneurial growth by providing both capital and leveraging its extensive experience and network, creating opportunities for startups to scale effectively. This support is designed to help them generate sustainable impact within their communities. "We're more than a tech company; we are an ecosystem committed to empowering entrepreneurs worldwide. Through Yango Ventures, we're sharing our expertise and network to help startups scale, thrive, and drive meaningful change in their communities and supporting local talent with the right tools and resources, we aim to foster sustainable business growth and contribute to resilient, inclusive economies across the globe," Mr. Soro added. Visitors to the exhibition had an opportunity to discover Yango Group's various solutions and services, including: Yango Ride: the ride-hailing service revolutionizing urban mobility by offering a safe, reliable, and affordable alternative to traditional transport Yango Delivery: the delivery service empowering local merchants to expand their reach and enhance logistical efficiency Yango Maps: a GPS solution offering users detailed maps and accurate routing for driving, walking, and public transportation Yango Pro: the partner-driver app designed to maximize drivers' efficiency and earnings Yango's participation in GITEX Africa 2025 highlights its ambition to strengthen its footprint across the African continent and contribute to the development of innovative, sustainable mobility ecosystems. By showcasing its advanced technologies and sharing its vision for the future of urban mobility, Yango reaffirms its commitment to delivering solutions that address the specific challenges of fast-growing African cities. Distributed by African Media Agency (AMA) on behalf of Yango About Yango Group Yango Group is a global technology company that transforms worldwide technologies into everyday services designed for local communities. With a strong commitment to innovation, we reshape and enhance cutting-edge technologies into daily integrated services for diverse regions. Yango offers its services through its Super App and ride-hailing services in over 30 countries across Europe, the Middle East, Africa, and Latin America. The multilingual Yango app is available for free on Android and iOS. Press Contacts For Yango: pr@ For African Media Agency: Roland Klohi — roland@
Zawya
20-03-2025
- Business
- Zawya
Yango Group launches $20mln venture fund to back startups globally
Yango Group has launched Yango Ventures, a $20 million corporate venture fund developed to empower promising startups across LATAM, Sub-Saharan Africa, MENAP, and other high-growth regions. Yango Ventures aims to bolster local innovation and entrepreneurial growth by securing opportunities for startups to scale effectively, according to a press release. Daniil Shuleyko, CEO of Yango Group, commented: "Through Yango Ventures, we are sharing our expertise and network to help startups scale, thrive, and drive meaningful change in their communities.' 'By supporting local talent with the right tools and resources, we aim to foster sustainable business growth and contribute to resilient, inclusive economies across the globe," Shuleyko added. Yango Ventures focuses on early-stage startups, from Seed to Series B, in the online-to-offline (O2O), business-to-business software-as-a-service (B2B SaaS), and FinTech sectors. The venture is part of Yango Group's strategy to empower entrepreneurs and drive digital transformation globally. The company's approach integrates advanced technology, business expertise, and a commitment to local ecosystems. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Wamda
19-03-2025
- Business
- Wamda
Yango Group launches $20 million venture fund
UAE-based tech ecosystem company Yango Group has launched Yango Ventures, a $20 million corporate venture fund designed to empower promising startups across LATAM, Sub-Saharan Africa, MENAP, and other high-growth regions. Yango Ventures will focus on early-stage startups, from Seed to Series B, in the O2O (Online-to-Offline), B2B SaaS, and fintech sectors. Press release: Yango Group, a global tech company bringing advanced technology to local communities, has launched Yango Ventures, a corporate venture fund designed to empower promising startups across LATAM, Sub-Saharan Africa, MENAP, and other high-growth regions of the company's presence. Yango Ventures aims to foster local innovation and entrepreneurial growth by providing both capital and leveraging its extensive experience and network, creating opportunities for startups to scale effectively. This support is designed to help them generate sustainable impact within their communities. "We're more than a tech company; we are an ecosystem committed to empowering entrepreneurs worldwide. At Yango Group, we believe that technology is not just about innovation — it's a catalyst for tangible progress. Through Yango Ventures, we're sharing our expertise and network to help startups scale, thrive, and drive meaningful change in their communities. Our mission is simple: let people grow with us. By supporting local talent with the right tools and resources, we aim to foster sustainable business growth and contribute to resilient, inclusive economies across the globe," said Daniil Shuleyko, CEO of Yango Group. Yango Ventures focuses on early-stage startups, from Seed to Series B, in the O2O (Online-to-Offline), B2B SaaS, and FinTech sectors. While it starts with an initial fund of $20 million, the corporate venture fund is designed for scalability, with plans to expand its capital base in the near future alongside the growing entrepreneurial ecosystems in dynamic, high-growth markets. By investing in regions where Yango Group has a strong presence, Yango Ventures seeks to support tech-driven solutions that promotedigitalisation and stimulate economic development. The board of experts behind Yango Ventures comprises a diverse team with deep expertise in transforming B2B SaaS and B2C technology into impactful services across various industries worldwide. The team has successfully developed and scaled platforms and products in sectors such as mobility, entertainment, fintech, AI, and beyond, both within the company and externally. Yango Ventures is part of Yango Group's broader strategy to empower entrepreneurs and drive digital transformation globally. The company's approach combines cutting-edge technology, business expertise, and a commitment to local ecosystems, creating sustainable growth opportunities for people across diverse markets. Across different regions, we organise networking events for professionals to exchange ideas, partner with educational institutions and host events that give future innovators practical skills.
