Thugmuffin
2 years ago
$TRIRF Triterras Selects Unqork to Modernize Its Trade Finance Platform with No-Code SolutionsPress Release | 06/06/2022
SINGAPORE and NEW YORK, June 06, 2022 (GLOBE NEWSWIRE) -- Triterras Inc. (OTC Expert Market: TRIRF), a leading fintech company focused on trade and trade finance, and Unqork, the leading no-code enterprise application platform, today announced they have entered a partnership to further digitize global trade finance. Unqork will be used to enhance the end-to-end trading lifecycle of Triterras’ Kratos platform, one of the largest trading and trade finance platforms in the world. By incorporating Unqork’s simple ‘drag and drop’ interface, Triterras will be able to offer better efficiency and improve outcomes for both lenders and traders.
Triterras will kick off its work with Unqork by building new client onboarding processes on its Kratos platform. Client onboarding is an integral undertaking for all financial service institutions, yet rigid, fluctuating protocols have often hindered digital adoption. Through Unqork, Triterras will be able to quickly develop client onboarding applications with more flexibility as industry regulations change for a seamless customer experience.
Customer onboarding will be just the first step in Triterras’ larger digital transformation initiative for the Kratos Platform. Down the line, Triterras plans to migrate risk and fraud mitigation, trade digitization, transaction tracking and more—using Unqork.
“By leveraging Unqork’s no-code platform, Triterras plans to accelerate the way SME clients and lenders are able to transact online,” said Sri Vasireddy, Chief Technology Officer, Triterras. “Our business model is to bring new trade finance lending to underserved or underbanked market segments. Our partnership with Unqork will allow us to further our mission to provide tech-forward lending solutions that are accessible to the world of micro-lending.”
“Unqork has proven experience accelerating our customers’ time-to-market with our Codeless Architecture approach, enabling the delivery of premium, future-proof applications in record time,” said Matt Singleton, Head of Financial Services, Unqork. “We’re proud to partner with Triterras to deliver market-leading offerings on the Kratos platform that will enable Triterras to bring their expertise and solutions to their customers in an innovative and rapid way.”
About Triterras
Triterras is a global fintech company co-headquartered in Singapore and Dubai and leading innovator of inclusive finance solutions for the world's micro, small and medium enterprises (MSMEs). The company launched and operates Kratos™—one of the world’s largest digital financing platforms—to directly connect MSMEs with lenders online and source capital across commodity trading, supply chain, logistics, and ecommerce finance. For more information, please visit triterras.com or email us at contact@triterras.com.
About Unqork
Unqork’s enterprise no-code platform helps leading organizations build, deploy and manage complex software without having to think about code. Unqork created the Codeless Architecture standard – the future of software development that frees the world’s largest enterprises from the pitfalls of legacy code and allows them to focus on innovation to drive business and maintain a competitive edge. More than one third of Unqork’s corporate customers are in the Fortune 500, with a customer roster that includes Goldman Sachs, Marsh, Maimonides Medical Center and the U.S. Department of Health and Human Services. To learn more, please visit unqork.com.
Forward Looking Statements
This 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, operations and product offerings. 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 (SEC File No. 001-39693) filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 7, 2022 and in Triterras’ other filings with the SEC as well as risks related to the adoption and implementation of the Unqork no-code platform through Kratos. 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, except as required by law.
Media Contacts:
Gregory Papajohn, Office of Corporate Communications, Triterras, Inc.
Mobile: +1 (917) 287-3626
Email: press@triterras.com
Wynn Mitchell, Lead Communications Specialist, Unqork
Mobile: +1 (919) 449-7549
Email: comms@unqork.com
yanquitrader
3 years ago
riterras Provides Update on Independent Audit of Financials for Fiscal Year Ended February 28, 2021
11/1/21, 6:26 PM
SINGAPORE, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Triterras Inc. (NasdaqGM: TRIT, TRITW) (“Triterras” or the “Company”), a leading fintech company focused on trade and trade finance, today is providing an update on the independent audit of its financial statements for the fiscal year ended February 28, 2021 (the “Audit”).
The Company encountered an unanticipated delay in the finalization of the Audit, which resulted in Triterras not meeting Nasdaq’s November 1, 2021 deadline to file its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission.
The Company has submitted a Supplemental Letter requesting an extension to file to December 1, 2021 and is awaiting Nasdaq’s decision on the request for extension. Triterras plans to make a public announcement via press release immediately upon learning of the Nasdaq decision. The Company cannot offer any assurances that Nasdaq will permit an extension but is hopeful that the request will be granted. If Nasdaq does not accept the Company’s extension request, then the Company would have the opportunity to appeal that decision to a Nasdaq hearings panel.
Nasdaq had previously granted the Company an extension to November 1, 2021 to regain compliance with Nasdaq Listing Rule 5250(c)(1) by filing its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission.
Upon completion of the Audit, the Company plans to announce results via press release for the fiscal year ended February 28, 2021 and also host an earnings conference call to discuss results and provide a business update.
yanquitrader
3 years ago
Triterras Announces Collaboration with essDOCS to Digitize Bulk Cargo Trade Operations
Source: GlobeNewswire Inc.
Triterras Inc. (Nasdaq: TRIT, TRITW) (“Triterras” or the “Company”), a leading fintech company for trade and trade finance, today announced a collaboration with essDOCS, a paperless global trade management company, to accelerate the use of digital trade documents for Triterras’ global community of commodity traders.
Designed to make bulk cargo trading paperless and more efficient, essDOCS enables traders of any cargo-type to entirely or partially digitize trade operations and finance processes. The collaboration is the latest move for Triterras, which is building out end-to-end services for its online marketplace that connects and enables SME businesses, corporates, multinationals, and their lenders to trade online and digitally finance their commodity trading, logistics operations and supply chains.
Under the arrangement, effective immediately, Triterras will integrate essDOCS’ CargoDocs electronic document capabilities onto Kratos, enabling Triterras’ customers to create, review and approve paper or electronic bills of lading (eB/L) with their supply chain.
“The digitization of trade is a must-have as we look for ways to innovate across the trade lifecycle by shortening it and making it more transparent,” said Srinivas Koneru, founder, and CEO, Triterras. “We’re thrilled to welcome essDOCS to provide digital eB/L solutions for bulk cargo trades. We very much look forward to this collaboration and the value that essDOCS can bring to our community.”
Shipping costs and delays have been exacerbated by the global pandemic, bringing heightened awareness to the advantages of fully digitized trading operations. With the world’s largest electronic Bill of Lading network, trade stakeholders using essDOCS’ CargoDocs solution can transfer the eB/L through the trade chain—between carrier, exporter, financing parties and importer—in as little as three minutes.
“Commodities traders are increasingly seeking digital solutions to complex paper problems in trade,” said Alexander Goulandris, Co-CEO, essDOCS. “Our best-in-class technology accelerates documentation processes to help the trading industry drive efficiencies, reduce the risk of fraud and eliminate errors. We’re confident that syncing with Triterras will deliver transformative benefits to the Kratos marketplace and its customers.”
Singapore, where Triterras is headquartered, is at the forefront of digital trade advancements as part of the government’s strategy to deepen its footprint as a global tech and e-commerce hub and strengthen the country’s extensive free trade agreement (FTA) network. The country has recently signed digital trade agreements with Australia, Chile, and New Zealand, among other trading partners. In February 2021, the Singapore Parliament also passed the Electronic Transactions Act (Amendment) Bill, granting title documents such as electronic bills of lading the same legal status as their paper equivalents. In December, Triterras won the Singapore Founder category of the FinTech Awards issued by the Monetary Authority of Singapore.
In May, Triterras entered into a strategic investment and partnership with Singapore headquartered Electronic Cash and Payment Solutions (S) Pte Ltd., (“ECAPS”), an open banking platform for India’s emerging Micro and SME marketplace (MSME). The partnership expanded Triterras’ global footprint and presence in the Indian MSME marketplace. Triterras also recently closed its acquisition of Invoice Bazaar, a leading supply chain finance platform in the Middle East, and announced a partnership with Western Union Business Solutions.
About essDOCS
essDOCS enables paperless global trade management. Its CargoDocs platform digitizes, automates, and accelerates trade operations, finance, logistics, compliance, and visibility. Its essCert platform digitizes the certification of preferential and non-preferential certificates of origin and other export/import-related documents issued by Chambers of Commerce or other authorities. 58,000+ companies, ranging from 31% of the Fortune Global 100 to innovative SMEs, use essDOCS solutions globally in warehouses as well as bulker, tanker, container, and barge movements. Customers are supported from offices in London, Athens, Galway, New York, Shanghai, Kolkata, Adelaide, and Singapore. To find out more, visit essdocs.com.
georgie18
3 years ago
TRIT...$7.58...in the P/M...23 Million Float with 8.8 Million on the Short Side...0r 38% Short Interest...
SINGAPORE, March 09, 2021 (GLOBE NEWSWIRE) -- Triterras Inc. (Nasdaq: TRIT, TRITW) (“Triterras” or the “Company”), a leading fintech company for trade and trade finance, today announced its partnership with Western Union Business Solutions to provide cross-border payments services between traders and lenders on its Kratos platform.
Under this partnership, Western Union Business Solutions’ will offer Kratos users access to fast and reliable technology for the movement of global funds, and expertise in currency risk management. As a leading provider of global payments technology Western Union Business Solutions is a strong complement to Triterras and its blockchain-enabled Kratos platform.
“This strategic partnership provides us with an opportunity to reduce our client’s transaction cycle times which will further reduce the borrowing costs of our traders on the Kratos platform,” said Srinivas Koneru, founder, executive chairman and CEO of Triterras. “This partnership is consistent with our overall strategy to continually enhance the value proposition of our Kratos platform to its community of users. The ease of cross-border payments will help make Kratos an even more transformative digital marketplace for trade and trade finance.”
Western Union Business Solutions’ innovative online technology and vast financial network help more than 60,000 individuals and businesses manage cross-border payments and currency risk.
georgie18 Thursday, 02/25/21 04:53:02 AM
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TRIT...$7.53...Bullish 3 Gap Downs Reversal pattern to the Upside followed by a Confirmation Candle...
Blue Skies Chart here on the Break/Hold of $15.45 all time high...NO Topside Resistance after $15.45...
TRIT squeeze will set Record Highs...imo...we shall see...
Chart... https://schrts.co/pyHvwgwv ..
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