- Lowers admin costs for lenders and makes loans more profitable
- Reduces risk and fraud
- Gives access to prequalified and packaged borrowers with KYC/AML
Triterras is a leading trade and trade finance fintech company comprised of two synergistic business segments:
Trade finance is the $40 trillion business of financing the movement of goods across oceans and borders.1 Trade finance provides the necessary credit which facilitates the purchase, exporting, shipping, and importing of vital commodities.
Trade finance is a highly complex process with numerous steps and participants. Goods shipped internationally normally pass through multiple transfers, and it is not uncommon to finance each leg of the journey separately.
Lenders are attracted to high risk adjusted yields, but SME Loans are not cost effective because of:
All these issues have contributed to
the funding gap for SMEs in trade finance
2 World Trade Organization, wto.org
Built using blockchain technology, the platform mitigates risk and promotes security, efficiency, trust, and transparency throughout the entire trade process
Innovation and perseverance are part of our culture and we live it every day. It fuels our pursuit of excellence and inspires us to push for better ideas and outcomes.
Rhodium is one of the fastest growing independent physical commodity trading and trade finance businesses. We have trade expertise in non-petroleum physical commodities like grains, edible oil, ferrous metals, etc. These commodities are characterized by low volatility and fairly inelastic demand, imparting a level of stability and predictability to our business. We also generally engage in back-to-back trades thus reducing speculation risk.
Rhodium has developed significant know how in the areas of trade finance, risk management, and logistics. We pioneered the use of credit insurance to minimize the risk of trade financing. As a client on the Kratos platform, Rhodium has seen tremendous operational leverage in being able to better control expenses while growing transaction volumes.