Triterras was founded in 2012 by Srinivas Koneru. Triterras started with a trading house (Rhodium Resources) that primarily traded non-petroleum physical commodities.
In 2017, due to the difficulties faced by SMEs in sourcing enough financing to keep up with opportunities, we started the development of Kratos – our custom-built, blockchain-enabled trading and trade finance platform. It meets the needs of both traders (buyers & suppliers) and financing sources like alternative lenders.
Rhodium’s robust business provided the necessary kickstart, scale, and industry knowhow to launch the Kratos platform by infusing a community of traders and trade finance participants eager to take advantage of the benefits. For Rhodium, Kratos provided significant operational benefits – improved access to capital, reduced cycle time, helped mitigate fraud, improved trade discovery, and highlighted quality analytics and reporting.
The combination of a transformational technology and a world-class institutional physical commodity trading organization is a rare combination in our industry, and it continues to accelerate our leadership position.
Triterras is headquartered in Singapore, which is a large trading hub that gives us access to many necessary supporting counterparts – buyers, suppliers, lenders, and insurers. We have since expanded our operations through organic growth to operate offices in Singapore, Malaysia, Hong Kong, China, Dubai, India, Australia, the United Kingdom, and the U.S.
We have been consistently profitable from inception and in FY2019, we generated over $86.8 million in EBITDA.