Riyadh - Sharikat Mubasher: The Saudi startup Trell, a provider of financial solutions to the logistics sector, secured SAR 5.4 million in a pre-seed round, with participation from several individual investors.

In a statement, Trell revealed that the proceeds will enable it to develop and improve its platform.

Sultan Aldawish, Founder and CEO of Trell, stated that the company serves an untapped market, in alignment with the National Industrial Development and Logistics Program and the Financial Sector Development Program.

Founded in 2023, Trell targets digitizing transportation contracts, factoring, and accelerating payment dues for contracts in the logistics services sector.