WTF Is A Triterras?
Triterras is a blockchain-enabledcommodity trading platform/trade finance platform for SME (Small & Medium Sized Enterprises). It facilitates matching borrowers to lenders usually for loans under 10 million dollars that many financial institutions do not want to deal with because of the thin profit margins (it costs the institution the same in terms of man hours and dollars to facilitate a $100m loan and a $10m loan). The funding gap according to analysts is roughly $1.5T EVERY YEAR. The solution Triterras developed was so good, the Monetary Authority of Singapore (MAS) gave them a cool $150,000 for winning 1st place in the FinTech Awards.
The trade finance industry is basically still in the stone age. They have records written on stone tablets (or something) to keep track of loans and who bought what. The whole industry is ripe for the picking with huge growth potential. By the way, the cost of trading and trade finance is much cheaper this way vs. the traditional trade finance method. Revenue growth is near triple digits for the next few years. Gross Margin is near 70%. I know that doesn’t mean much to you retards but now you know.
The ANALyst:
· Oppenheimer ANALyst ($23 Price Target)
· Northland ANALyst ($18 Price Target)
· B. Riley ANALyst ($16 Price Target)
The Oppenheimer ANALyst:
“Amazon of Blockchain”
“While the trade finance is a
$15T market, the company has focused on the $1.5T trade finance funding gap in the SME space. Its scalable model allows TRIT to move upstream and expand into other verticals.”
“Immutable records which can reduce fraud, allows participants to track traded goods, and fills the funding gas in SME and lowers lenders’ costs.”
The Hedge Funds:
Now you might be thinking. Did our BAE Cathy invest? She hasn’t…yet. In the meantime, we have some awesome hedge funds like Adage Capital Management, Point 72, Sand Grove, and Maven Investment Partners that bought a fat amount of shares. The CEO of Point 72 is Steven A. Cohen. Get it? COHEN. #GMEGANG. This guy so fucking rich he owns the NY Mets. The shorts bet against Gamestop Cohen, now they are betting against Triterras Cohen.
The Limp Dicks:
Short sellers keep fucking with the company because of low float. The have some limp dick argument about how the CEO is a fraud because he did business with people he knew. I mean wtf, how does that make it a fraud? The company is based in Singapore, a country where they “hang you at dawn” for drug-related crimes. What do you think they will do to you for scamming investors. So why would a bunch of wealthy US citizens decide to scam people in a strict country? They wouldn’t. If the bears were in Singapore, they would probably be hung for “drug-related crimes” because they are so fucking high. To add insult to injury, the 1st short report has been debunked on Seeking Alpha some time ago. (1st and second report contain about 90% of the same info). (Link below). A whistle blower came out yesterday and accused the short sellers of a “short and distort” attack (Gay Bear equivalent of a pump and dump). You can click the link below for more info.
The Plays:
If you look at the $TRIT chart, it’s about the ugliest lass you have ever laid eyes upon. The stock goes from $15 in Mid-December when the first short report hit us, down to $7.70 within a day or two. Shorts then got squeezed all the way to $15.45 within about a week. Shorts attacked again last week. Second short report (basically the same info as the 1st one made the stonk drop from $12 to $8. The same shit is gonna happen next week. Why? Well on the last conference call they mentioned they would be announcing a payment partnership sometime mid to late January. Mix this with the Northland Capital Markets SPAC Conference happening on Wednesday 9am Eastern and basically means shorts a begging to get a good face melting. (Link Below). In addition, the Germans basically said fuck MLK and traded stocks today (Shocker). $TRIT closed at 8.25 Euros today or $9.96 for those that are bad at math. (Link Below). Keep in mind, over 90% of shares are owned by insiders or institutions. This makes it extremely easy for the shorts to manipulate the price due to low float. These shorts have fucked up this time. Its time to put these ����’s in their place once a for all.
Triterras Inc (TRIRF)
Triterras, Inc. является сингапурской компанией, занимающейся финансовыми технологиями. Компания разрабатывает, владеет и управляет Kratos, торговой платформой и платформой торгового финансирования. Kratos облегчает торговлю, торговое финансирование, страхование кредитов и логистические решения для малых и средних предприятий (МСП) с использованием технологии с поддержкой блокчейна. Kratos — это диверсифицированная платформа, созданная для удовлетворения потребностей МСП в сфере торговли и торгового финансирования, соединяя трейдеров сырьевых товаров и кредиторов и позволяя им совершать сделки онлайн. Kratos позволяет МСП и другим сторонам торговать и находить краткосрочное торговое финансирование для своих покупок во время транспортировки и до доставки. Для трейдеров Kratos предоставляет трансформационные преимущества, включая снижение транзакционных издержек, сокращение времени цикла, предотвращение мошенничества, улучшенное обнаружение контрагентов, а также аналитику и отчетность. В число ее дочерних компаний входят Torterra Fintech Pte. Ltd., Triterras Fintech UK Limited, Triterras Fintech USA Inc. и другие.
Контактная информация
Руководители
| Название | Возраст | Год | Заголовок |
|---|---|---|---|
| Srinivas Koneru | — | — | Founder, Executive Chairman & CEO |
| Tuck Hoong Kow | 55 | 2021 | Independent Director |
| Richard M. Maurer | 74 | 2020 | Director |
| Yong-Moon Kim | 59 | 2021 | Independent Director |
| Jayapal Ramasamy | 65 | 2021 | Independent Director |
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Digitization & Funding
To digitize your trade processes or to seek working capital to expand your business, Triterras offers you the perfect, customized solution tailored to your needs.
Trade Financing
Looking for a lucrative fixed income asset class that offers consistently high-yields with low volatility and minimal market correlation? Triterras simplifies your access to Trade Finance funding opportunities.
Investor Relations
Comprehensive access to SEC filings, press releases, financial results, investor «FAQs», Board of Directors and Corporate Governance policies.
next-generation trade finance solutions for smes
Triterras Inc
“One of the First Movers”
of Trade Finance platform that addresses the urgent need to Digitize Trade.
Triterras is a global fintech company and is a leading innovator of inclusive finance solutions for the world’s Micro, Small, and Medium Enterprises (MSMEs). Our end-to-end solutions are transforming the trade and trade finance ecosystem by providing economically viable financing to mid-market companies worldwide.
Trillion
THE ESTIMATED GAP IN TRADE FINANCE 1
Systemic difficulties, such as the cost, complexity, and risk-associated manual processes stymie trade finance transactions.
Triterras is reinventing trade and redefining trade finance with our industry-leading blockchain-enabled trade finance platform, Kratos.
1 ASIAN DEVELOPMENT BANK, ADB.ORG, 2023
OF TRADE FINANCE REQUESTS FROM SMES ARE REJECTED BY BANKS 2
Global liquidity tends to be concentrated within the biggest institutions and their clients. Over half of trade finance requests by MSMEs are rejected, against just 7 percent for multinational companies.
Triterras’ trade finance solutions for MSMEs are designed to help forge new trading partnerships, discover new liquidity pools, and establish new business models.
Through distributed ledger technology, Triterras provides access to smart contracts, enhanced security features, robust control capabilities, and a real-time entryway to new sources of trade finance.
2 WORLD TRADE ORGANISATION, WTO.ORG, 2022
Enabling inclusive financial solutions
For Traders — Trade Digitization
Exporters can modernize the supply chain and accelerate trade by connecting seamlessly with trade finance lenders and partners.
For Traders — Capital Financing
Traders can unlock access to working capital and gain a competitive edge to grow and expand in the global markets.
For Funders
Institutional investors can diversify portfolios with trade finance a fixed-income asset class that offers strong yields, low default rates and other compelling strategic benefits.
Triterras Inc.
(OTC Expert Market: TRIRF)
Connects clients to the global markets ecosystem and offers institutional-grade market access, end-to-end clearing and execution, and high-touch expertise.
Achieving Digital Transformation
in Trade and Trade Finance
Join the Triterras-hosted business network making international trade more efficient and secure. Reimagine cross-border trade with Kratos — a platform that creates an ecosystem of trust for global business and eases the trading process for all participants.
reshaping the future of international trade & trade finance
Triterras’ trade finance software solutions enable a better trade experience for sellers and buyers of all sizes. Learn how Triterras is scripting boundless opportunities in international trade.
Our Kratos platform offers transparent, risk-mitigated, and standardized trade finance and trade credit insurance solutions to help uncover profitable trade opportunities.
Our blockchain-enabled hubs and business networks provide the framework to operate with greater trust and transparency in cross-border trading.
Through digitization, comes transparency and the flow of data. A seamless digitized trading system simplifies the process to kickstart, accelerate, and break new ground for direct participation in the market.
Digital technologies improve supply-chain efficiency and transparency and promote adoption at scale. Our efficient tools and automated, data-driven processes make supply chains more reliable and robust.
Our blockchain-based supply chain enables absolute transparency and privacy, increasing confidence and control.
We offer reliable trade processes, streamlined integration of complex systems, and distributed ledger expertise accumulated over decades.
testimonials
At Triterras, customer success is at the heart of everything we do. Discover how our solutions have enabled our customers to realize their business goals.
Triterras fosters growth, innovation, collaboration and recognition of its employees, an ideal environment to thrive and contribute meaningfully.
Triterras’ collaborative nature encourages staff to exchange ideas freely, sparking creativity leading to ground-breaking solutions that benefit our clients, earning only their trust and loyalty, but also set us up as a prominent leader in the trade finance industry. Working at Triterras has been an immensely rewarding experience, on both professional and personal levels. Colleagues are like friends and mentors, always ready to offer support and guidance. My career with Triterras has been nothing short of extraordinary. I’m immensely grateful for the opportunities and support that I have experienced thus far. I look forward in great anticipation to contribute towards Triterras’ continued success and growth.
Working in Triterras has been a tremendous rewarding journey of ample opportunities for me to learn and grow both on a professional and personal level.
It has been nearly 3 years since the end of year 2020 when I applied to establish my career in Triterras as its Customer Success Executive. Since then, I have grown to adore and look forward daily to work closely with some of the brightest, friendliest, and hard-working individuals, where every day also presents new learnings which encourages me to pursue never-ending growth and to pick up new skills, enabling me to do my job in better and in more efficient ways with the new knowledge learnt.
Triterras encourages the building of meaningful relationships and succeeding altogether as a team.
In my challenging and exciting role as a Customer Success Executive at Triterras, I find myself constantly surrounded by extremely talented, yet humble individuals who hail from diverse industries and expertise coming together to learn and contribute in our respective roles, towards the success of the organization. Every day brings great vibes and high energy, as nothing beats having supportive colleagues who are more than willing to share their experiences through mentorship. Being in such an environment makes me feel like I can develop my career, hone my skillset and yet enjoy my time here.
Triterras is known for our high level of staff inclusiveness and career growth opportunities, along with a work culture that prioritizes the well-being of employees, offering support at all levels
I applied for a career with Triterras because I was seeking a challenging opportunity in my banking operations field of expertise. What’s more, Triterras has policies in place that encourage respect, trust, empathy, and support for one another. I am continuously given opportunities to learn and develop new skills, allowing me a sense of satisfaction and fulfilment in my work area. During the Covid period, though I worked from my hometown instead of the office in Dubai, I was still entitled to all the benefits of new workplace. For aspiring job seekers looking to join Triterras, I am happy to share that Triterras is certainly a place to go to for ample opportunities for professional career growth.
Triterras
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.