[ ECONOMY ] INVESTMENT | Infrastructure | Megacities | Digital Assets & Currencies | Markets
Use of standardised impact
Frameworks & principles guiding impact strategy
HOW TRUKKR DIGITISES AND BANKS PAKISTANI SHIPPERS AND CARRIERS
Tools & systems used for impact measurement and manegment
Problem : In Pakistan , just 21 % have access to financial accounts . In the logistic sector , inefficiencies , predominantly paper-based systems , and undocumented shipping activities create barriers for carriers to access formal credit .
Solution : Trukkr ’ s online logistics management platform offers SaaS solutions with embedded finance capabilities to drive efficiency across the logistics spectrum . Trukkr is digitising and banking a historically underserved sector in Pakistan , optimising supply chains , and improving financial outcomes for both shippers and carriers .
Source : GIINsight 2023 : Impact Measurement & Management Practice .
THE EVOLUTION OF IMPACT INVESTING
The concept of socially responsible investing is not new . Originating primarily within development finance institutions ( DFIs ), this approach gained momentum in the private sector with the rise of microfinance institutions in the 1970s and their aim to use private capital and microloans to foster financial inclusion in emerging markets . Over time , impact investing has evolved across asset classes including debt and equity , introducing a private market perspective to contribute to global development across sectors and regions .
It was not until the mid-2000s that the Rockefeller Foundation coined the term “ impact investing ” and incubated the Global Impact Investing Network ( GIIN ), the leading network of practitioners .
The market has grown substantially over the past decades , reflecting the growing awareness of global challenges and the consensus that investors can and should be contributing to the solutions . Businesses are awakening to their potential for positive impact , while consumers are shifting their purchasing preferences towards purpose-driven companies .
Company achievements : Trukkr has onboarded over 30,000 carriers to date , with at least 336 accounts created for the first time . Throughout 2023 , Trukkr used its crucial sector-specific data and visibility into real-time trip execution to underwrite and deploy over 11,000 working capital loans to MSMEs carriers , many who were previously unbanked . So far , Trukkr has provided nearly $ 20 million in capital loans , bringing financial inclusion in the logistics sector to a new level .
Sturgeon Capital ’ s support : Trukker secured an investment from the fund in 2022 . Sturgeon also supported the team with raising subsequent funding from co-investors like Accion Venture Labs .
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WEJ | September 2024