The initiative is part of the Company’s larger strategy to partner with e-commerce and point-of-sale (POS) platform providers, to offer an end-to-end digital lending solution to their clients. The Triterras’ ecosystem brings together funders and micro, small and medium enterprises (“MSME”) borrowers, to drive access and efficiency for all parties. The Kratos™ blockchain-enabled platform is powered by advanced credit analysis tools and revenue-based financing analytics and facilitates transactions in a completely digital environment.
Card Cutters is one of the fastest growing Merchant Services companies operating within the Emirates, offering a wide range of credit and debit card processing services and the latest chip and pin solutions. Based in
“We are delighted to announce this collaboration with Card Cutters. We believe that our alliance provides an additional value-added benefit to Card Cutters’ offerings, where critically needed working capital will be made available to their clients, and funders on our Kratos™ platform will have access to attractive lending opportunities that they otherwise would not have available to them. It is a “win-win” for all parties” said Triterras’ Chairman and Chief Executive Officer
Triterras’ e-commerce lending program is designed for a multitude of e-commerce platform applications, including e-commerce aggregators, e-commerce marketplaces and POS service providers. The Company has demonstrated the ability to provide capital to micro and small business customers in collaboration with various platform providers. The program is being offered in the
About
About Card Cutters
Card Cutters is a leading Card Acceptance and Payment Solutions Specialist in
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. The Company’s 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,” “believe,” “predict,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance and anticipated financial impacts. 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 the Company’s 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 the Company’s Form 20-F (SEC File No. 001-39693) filed with the
Media Contact:
Zayyen Haider
Corporate Communications,
M: +971 56 903 5311
E: press@triterras.com
Source:
2024 GlobeNewswire, Inc., source