Triterras Launches Kratos Logistics Module in Partnership with Seven Oceans
08 Gennaio 2021 - 2:30PM
Triterras Inc. (Nasdaq: TRIT, TRITW), a leading
fintech company for trade and trade finance, today announced the
launch of a new logistics module on Kratos, its blockchain-enabled,
commodity trading and trade finance platform. To build the
logistics module, Triterras collaborated with Seven Oceans, a
Singapore-based company that creates maritime and shipping software
for commercial shipping and fleet management.
Through an API connection of Seven Oceans’ data sets to Kratos,
the logistics module digitizes key information to enable
shipbrokers, operators, and shipowners to do business
together—further with their commodity trading partners—within the
Triterras marketplace. The module eliminates the redundancies of
paper-and-email-based legacy systems, expedites the
freight-contracting process, reduces transaction times for
shipments, and helps the counterparties to better manage their
assets and maximize decision-making. The company does not currently
plan to charge an additional fee for users that source logistics
services on Kratos but believe that the availability of logistics
on Kratos will drive increased Transaction Volume and user
growth.
“With our new logistics module, Triterras takes another
significant leap forward in the development of our digital
marketplace for commodity trading, trade finance, and delivery,”
said Triterras Chairman and CEO Srinivas Koneru. “In partnership
with Seven Oceans, we have expanded our Kratos platform to enable
shipbrokers, operators and shipowners to arrange cross-border
shipments in the same place where our commodity traders transact,
secure financing and, with the logistics module, now manage their
deliveries.”
“Our data-enablement partnership with Triterras will bring
significant efficiency to, and simplify the sharing of key
information among, a marketplace of shipping counterparties and
their commodity trading partners. We’re excited to team with
Triterras and together bring greater transparency and informational
integrity to shipping logistics for all parties on the Kratos
platform,” said Seven Oceans CEO Captain Himanshu Joshi.
As described, the new logistics module advances the Kratos user
experience by adding the delivery leg of a global commodities
business alongside the platform’s existing trading and finance
modules. Earlier, Triterras also launched an Insurance Module in a
partnership with Marsh, one of the world’s largest insurance
broker, which allowed borrowers to seek and secure trade credit
insurance on the platform.
The impact, practicality, interoperability, and uniqueness of
the Kratos platform were recently recognized when the platform won
the Singapore Founder category of the FinTech Awards issued by the
Monetary Authority of Singapore.
About Triterras Triterras is a
leading fintech company focused on trade and trade finance. It
launched and operates Kratos™—one of the world’s largest commodity
trading and trade finance platforms that connects and enables
commodity traders to trade and source capital from lenders directly
online. For more information, please visit www.triterras.com or
email us at contact@triterras.com.
Forward Looking StatementsThis press release
includes “forward-looking statements” within the meaning of the
“safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995. Triterras’ actual results may differ from their
expectations, estimates and projections and consequently, you
should not rely on these forward-looking statements as predictions
of future events. Words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “could,” “should,” “believes,” “predicts,” “potential,”
“continue,” and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements
include Triterras’ expectations with respect to future performance.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside Triterras’ control and are difficult to predict. Factors
that may cause such differences include but are not limited to
risks and uncertainties incorporated by reference under “Risk
Factors” in Triterras’ Form 20-F (001-39693) filed with the
Securities and Exchange Commission (the “SEC”) on November 16, 2020
(the “Form 20-F”) and in Triterras’ other filings with the SEC.
Triterras cautions that the foregoing list of factors is not
exclusive. Triterras cautions readers not to place undue reliance
upon any forward-looking statements, which speak only as of the
date made. Triterras does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions, or circumstances
on which any such statement is based.
About Seven OceansSeven Oceans Holdings is a
Singapore based company that creates maritime and shipping software
for commercial shipping and fleet management. Its commercial
shipping product, 7Oceans, is arguably the most revolutionary
creation that serves charterers, ship-owners and operators for bulk
shipping needs. The current customer landscape includes corporate
to mid and small size entities. The leadership at Seven Oceans is
unparalleled, where innovation and design are driven from top by
professionals who have held senior management positions in
commercial shipping and technology. For more information
visit sevenoceansconsulting.com or email us at
marketing@sevenoceansconsulting.com.
Investor Relations Contacts:Jim Groh, Triterras
Inc.Mobile: +1 (678) 237-7101Email: IR@triterras.com
Gateway Investor RelationsCody Slach and Matt
GloverOffice: +1 (949) 574-3860Email: TRIT@gatewayir.com
Media Contacts:Gregory PapajohnOffice of Corporate
CommunicationsTriterras, Inc.Mobile: +1 (917) 287-3626Email:
press@triterras.com
Edmond Lococo, ICR Inc.Mobile: +86 138-1079-1408Email:
Edmond.Lococo@icrinc.com
Grafico Azioni Triterras (NASDAQ:TRITW)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Triterras (NASDAQ:TRITW)
Storico
Da Giu 2023 a Giu 2024