Triterras Company Overview
Srinivas Koneru founded Triterras in 2018. However, Kratos, its flagship platform, was conceptualized and began development in 2017. Triterras is a financial technology firm with offices in Singapore and Dubai that is a pioneer in inclusionary finance strategies for MSMEs. Triterras FinTech Pte. Ltd., is a subsidiary of Triterras Inc. it is registered in Singapore and has been certified/ accredited as a supply financial services provider by the Singapore FinTech Association.
With a view to help streamline and implement the trade process, work on Kratos was started in order to address the significant trade financial gap for MSMEs. Their specialized, blockchain-enabled platform for international trade finance is called Kratos. It satisfies the requirements of financiers like alternative lenders as well as dealers (buyers and suppliers).
Key Executives of Triterras
A group of knowledgeable and talented individuals in global trade finance lead Triterras.
Srinivas Koneru – Chairman & Chief Executive Officer
Triterras’ owner, executive chairman, and the CEO is Srinivas Koneru. He has more than thirty-five years of manufacturing and technology-related professional expertise. In 2012, he founded Rhodium and is part of its Board of directors prior to forming Triterras and creating the Kratos system.
Alvin Tan – Chief Financial Officer
Triterras’ CFO, Alvin Tan has worked as the finance controller and Group CFO for various top commodities trading companies for more than 20 years. He worked at Cargill for fifteen years in both Cargill Asia Pacific Treasury Ltd. and Cargill Trade & Structured Finance Pte Ltd.
Sri Vasireddy – Chief Technology Officer
Sri Vasireddy, Chief Technology Officer, Triterras, has more than 20 years of expertise in system integration, cloud computing, and information technology. Before joining Triterras, Sri Vasireddy was the CTO of Global Services and Solutions at Hitachi Vantara, wherein he oversaw the business for IoT solutions and cloud.
Ashish Srivastava – Chief Commercial Officer
Ashish Srivastava, Chief Commercial Officer, Triterras, has more than seventeen years of expertise in innovation and technology, and is a certificated blockchain professional. Ashish started his B2B career as a business advisor, overseeing a number of security and software projects in mobile apps, Fintech solutions, and tracking and tracing technology.
Products & Services of Triterras
Triterras provide products and services for vendors, buyers, lenders, traders, and insurers.
Trade Discovery -For both sellers and buyers that seek to engage in multilateral trading with several parties on the site. Selling and sourcing products becomes more smooth.
Risk Management – For rigorously screening parties using the portal for KYC/AML and business credit reports and to examine lading bills.
Trade Finance -To allow borrowers to find funding for their transactions from the platform’s accessible lenders. Lenders may manage and track their investments through a customizable dashboard that allows them to modify the way the data is displayed.
Supply Chain Finance – For vendors to use the collateralization of their unpaid invoices to get growing operational cash. For the purchaser to increase their days payable outstanding (DPO).
Insurance -For investors and lenders to submit requests for insurance services to the platform’s various insurers.
Logistics – To manage the operating parts of chartering, voyage management, post-fixture, and voyage financials, freight operators, ship owners, and charterers might use logistics.
Company Reviews
The following distinctions have been added to Triterras’ clout:
Awarded MAS FinTech – Singapore FinTech is the winner
By accelerating the global rollout of its KRATOS platform, which is blockchain-enabled, to the dealers and financial institutions globally in 2020, for solving genuine demands in the financial sector.
Award for Business Eminence
Awarded by Dun & Bradstreet which recognises the influential people in Singapore’s business community from all sectors in 2020.
Award for Being the Disruptor/Innovator
From ET now and Rise with India . Triterras was recognized as a company that has evolved and changed the sector in which it operates in 2020.
The Trade Finance Pioneers
From Global Finance in 2020. The award is in Recognition to organizations that continuously develop new strategies and technologies in the field of finance.
Related News
Triterras Announces Final Court Approval of Securities Class Action Litigation Settlement
Sep. 09, 2022
Triterras disclosed that it received final court approval on September 8, 2022 to settle the securities class action lawsuit Erlandson v. Triterras, Inc., et al. Under the settlement, neither the Company nor the other defendants admit any guilt or wrongdoing.The Company paid $9 million as part of the settlement, of which $4.25 million will be covered by insurance.
Conektr and Triterras Joins to Increase Working Capital for UAE SMBs
July 13, 2022
The stock management on the Conektr app will provide small vendors in the UAE with greater access to capital investment through the partnership between global FinTech company Triterras and HoReCa inventory network platform Conektr.
Smaller firms in the FMCG sector have more exposure to capital for purchasing through a fully digital procedure with KYC standards thanks to Triterras’ Invoicing Bazaar system. Over 7,000 businesses in the area will be the focus of the project’s initial phase.
The announcement of a new partnership between Corpay Cross-Border and Triterras
June 28, 2022
A new partnership between Corpay’s Cross-Border business and Triterras Inc., a global fintech company and innovator of comprehensive finance service for small, micro, and medium-sized enterprises (MSME’s), is announced by Corpay1, a FLEETCOR® (NYSE: FLT) product as well as market leader in corporate payments.
Through this partnership, Corpay’s cutting-edge solutions may be accessed and used by Triterras and the Kratos network members to help manage foreign exchange risk for their ongoing business needs. Moreover, both Kratos members and Triterras will handle their international financial transactions from a single interface point thanks to Corpay Cross-award-winning Border’s technology.
Triterras decides to update its financing platform with Unqork
June 7, 2022
A partnership was launched between trade finance specialist Triterras Inc. with the no-code business application Unqork in order to digitize international trade financing.
One of the biggest trading and finance platforms worldwide, Triterras’ Kratos, will employ Unqork to improve its trade cycle (end-to-end). The FinTech corporation indeed boosts productivity and enhances performance for both creditors and dealers by integrating Unqork’s straightforward “drag and drop” interface.
Triterras is accused of engaging in deals involving corporate directors
January 21, 2021
According to Phase 2’s study, 64precent of Kratos activities prior and including this year’s August involved Longview, Rhodium, and several subsidiaries. The document also asserts that four people were actively using the platform in November & December 2020, down from a few dozen before Rhodium experienced financial difficulties.
Late on Jan 18, Triterras responded, calling Phase 2’s assertions “false.” According to its explanation, past trading activity has considerably less transactions involving Longview and Rhodium than the article indicates, and assertions that its transaction volumes have experienced a “precipitous decline” are false.
Due to its connections with Rhodium Resources, Triterras is facing lawsuit.
January 6, 2021
Following a SEC filing in which the company highlighted financial issues at Rhodium, as Triterras’ tech stock value abruptly dropped in the middle of December. The Covid-19 epidemic and the unavailability of financial service backing for commodity deals involving SMEs have both negatively damaged Rhodium’s “conventional commodity trading operations,” the complaint continues.
The requirement for that disclosure suggests Triterras failed to disclose to shareholders the magnitude to which the company’s earnings growth “was highly dependant on Triterras’ partnership with Rhodium,” in accordance with a suit brought by Bernstein Liebhard, in a NY district court.
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