<Role of FinTech platforms in the trade finance industry> by Swati Babel, Triterras’ VP of Business Development. Click to read article.
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Trade Finance

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As of February 2022

Digitalize your trade processes.
Gain access to lenders to fund your trade exports.

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What is Trade Finance?

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.

1Allied Market Research, December 2019

Challenges In Trade
Finance for SMEs

Lenders are attracted to high risk adjusted yields, but SME Loans are not cost effective because of:

  • Archaic, labor, and paper intensive processes
  • Document discrepancies
  • Fraud susceptibility from lack of transparency
  • High cost of sourcing and diligence
  • Basel III requirements - higher capital reserve ratios

All these issues have contributed to
the funding gap for SMEs in trade finance

  • $1.7TRILLION
    THE ESTIMATED GAP IN SMES TRADE FINANCE 2
  • 40%
    OF TRADE FINANCE REQUESTS FROM SMEs ARE REJECTED BY BANKS 2

2 WORLD TRADE ORGANISATION, (WTO.ORG), 2021

First Mover in Addressing the $1.7 Trillion Gap With Kratos

Attracts Lenders

  • Lowers admin costs for lenders and makes loans more profitable
  • Reduces risk and fraud
  • Gives access to prequalified and packaged borrowers with KYC/AML

Drives Trader Profitability

  • Increases access to capital
  • Reduces “hard” overhead costs and increases turnover/margins
  • Reduces cycle times, mitigates fraud, and improves trade discovery
  • Provides insightful analytics and reporting via modular dashboard

Key Platform Features

  • Digital trade documents to reduce paperwork and human error
  • Bank-grade KYC/AML to enhance security & compliance
  • Automated trade processes to ensure seamless transactions, real-time updates, and 24/7 accessibility

Financing Options

  • Supply Chain Financing
  • ARP Financing
  • Loan Financing

Smarter Trades with Blockchain

Built using blockchain technology, the platform mitigates risk and promotes security, efficiency, trust, and transparency throughout the entire trade process

News & Resources

Triterras News December 16, 2020
Triterras Wins Singapore Founder Category of MAS Singapore FinTech Awards
Triterras News November 10, 2020
Netfin and Triterras Fintech Announce Closing of Business Combination
Press Release September 30, 2020
Triterras Financial Results for the First Six Months of Fiscal Year 2020

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Awards & Certifications

(Click here for details)

Valued Member of the International Trade & Forfaiting Association (ITFA)

MAS FinTech Awards Winner Singapore FinTech Founder

Business Eminence Award

Disruptor/ Innovator Award

Trade Finance Innovators Award & Most Innovative Fintech Company (APAC)

Top 10 Capital Market Tech Solution Providers

Emerging IT Company Of The Year

Triterras FinTech Pte. Ltd. is certified as a trade and supply chain finance provider

ISO/IEC 27001 Information Security Management Certified

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9 Raffles Place, #23-04 Republic Plaza, Singapore 048619
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