Triterras Achieves $3.5 Billion in Trade Turnover on Kratos
Platform Launched in June 2019 a Major Success
Singapore — March 2, 2020 — Triterras, a fintech company focused on trade and trade finance, announced the deployment of Kratos™ – its blockchain enabled trading platform focused on traders in the small and medium sized enterprise (“SME”) market.
The Company is pleased to announce that in the fiscal year ending February 29, 2020, the Kratos platform generated transaction volume of international trades in excess of $3.5 billion USD. Transaction volume is tracking well ahead of original expectations and demonstrates the widespread and early acceptance of Kratos in the international trading marketplace.
“We are so gratified that Kratos has shown such early success,” said Cheam Hing Lee, Triterras CEO. “We are hearing great things from our clients on the platform and we are very excited for what the future holds.”
Srinivas Koneru, Chairman of Triterras, added: “We knew from the beginning that the challenge most platform businesses face is its ability to attract customers and to reach the critical mass of volumes. We are so pleased that our platform is being so widely accepted and by any measure $3.5 billion in transaction volume is a great start.”
Founded in 2012, Triterras is a leading trade and trade finance fintech company and is comprised of two synergistic business segments – Kratos™ and Rhodium. Kratos is one of the world’s largest blockchain-enabled trading and trade finance platforms that enables traders and lenders to transact directly online. Rhodium is a physical commodity trader that is a customer of Kratos, trading and sourcing trade finance on the Kratos platform. For more information, please visit triterras.com.
Triterras Pte. Ltd.
Email: [email protected]