(MENAFN- Mid-East) Triterras' Invoice Bazaar to offer digital working capital access to Card Cutters' clients.
DUBAI, United Arab Emirat: Triterras, Inc. (“Triterras” or the“Company”) a leading fintech company focused on trade and trade finance, today announced a collaboration agreement with Card Cutters Computer Equipment & Requisites Trading LLC (“Card Cutters”). Under the terms of the agreement, Triterras will directly promote its working capital lending solutions to Card Cutters' clients in the UAE.
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 KratosTM 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 Dubai and Abu Dhabi, Card Cutters UAE provides their client base with POS terminals, credit card machines and web-based payment gateways. Founded in 2009, Card Cutters serves over 10,000 merchants.
“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 KratosTM 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 Srinivas Koneru.
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 UAE through Triterras' Invoice Bazaar subsidiary.
About Triterras
Triterras is a global fintech company co-headquartered in Singapore and Dubai and leading
innovator of inclusive finance solutions for the world's micro, small and medium enterprises (MSMEs). The Company launched and operates KratosTM a fintech platform which directly connects MSMEs with lenders online to source capital across commodity trading, supply chain, logistics, and ecommerce finance. For more information, please visit triterras or email us at ....
About Card Cutters
Card Cutters is a leading Card Acceptance and Payment Solutions Specialist in Dubai offering the latest payments technology and merchant services available to a wide range of businesses. Founded in 2009, Card Cutters serves over 10,000 merchants in the UAE. Representing ADIB Services in all Emirates, Card Cutters is a leading provider of debit and credit card services to the market. For more information visit our website at or contact us at ... .
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