The Saudi financial solutions provider for the logistics sector, Trell, has announced the closure of an investment round totaling 5.4 million Saudi Riyals, with the participation of several individual investors.
This round aims to support the company in developing and improving operations on its leading platform.
Established this year in 2023, Trell’s business model focuses on streamlining and expediting payment receivables for contracts in the logistics sector.
The company digitizes transport contracts to facilitate the contracting process between participating parties. Addressing issues related to cash liquidity and invoice collection, which significantly impact operations in the sector, Trell enables companies to accelerate their working capital cycle, supporting them in their growth.
According to Sultan Al-Duwish, the founder and CEO of Trell, the company operates in an underserved market and is among the least technologically advanced sectors, despite being one of the key targets of the National Industry Development Program, the Logistics Services Development Program, and the Financial Sector Development Program, all part of Saudi Vision 2030.
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