{"id":411097,"date":"2021-01-08T08:33:08","date_gmt":"2021-01-08T13:33:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411097"},"modified":"2021-01-08T08:33:08","modified_gmt":"2021-01-08T13:33:08","slug":"triterras-launches-kratos-logistics-module-in-partnership-with-seven-oceans","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-launches-kratos-logistics-module-in-partnership-with-seven-oceans\/","title":{"rendered":"Triterras Launches Kratos Logistics Module in Partnership with Seven Oceans"},"content":{"rendered":"
\n

\n Company completes next stage in building its revolutionary commodity trading and trade finance digital marketplace across transactions, financing and now delivery<\/em>\n <\/p>\n

SINGAPORE, Jan. 08, 2021 (GLOBE NEWSWIRE) — Triterras Inc. (Nasdaq: TRIT, TRITW),<\/strong> a leading fintech company for trade and trade finance, today announced the launch of a new logistics module on Kratos<\/u><\/a>, its blockchain-enabled, commodity trading and trade finance platform. To build the logistics module, Triterras collaborated with Seven Oceans, a Singapore-based company that creates maritime and shipping software for commercial shipping and fleet management.<\/p>\n

Through an API connection of Seven Oceans\u2019 data sets to Kratos, the logistics module digitizes key information to enable shipbrokers, operators, and shipowners to do business together\u2014further with their commodity trading partners\u2014within the Triterras marketplace. The module eliminates the redundancies of paper-and-email-based legacy systems, expedites the freight-contracting process, reduces transaction times for shipments, and helps the counterparties to better manage their assets and maximize decision-making. The company does not currently plan to charge an additional fee for users that source logistics services on Kratos but believe that the availability of logistics on Kratos will drive increased Transaction Volume and user growth.<\/p>\n

\u201cWith our new logistics module, Triterras takes another significant leap forward in the development of our digital marketplace for commodity trading, trade finance, and delivery,\u201d said Triterras Chairman and CEO Srinivas Koneru. \u201cIn partnership with Seven Oceans, we have expanded our Kratos platform to enable shipbrokers, operators and shipowners to arrange cross-border shipments in the same place where our commodity traders transact, secure financing and, with the logistics module, now manage their deliveries.\u201d<\/p>\n

\u201cOur data-enablement partnership with Triterras will bring significant efficiency to, and simplify the sharing of key information among, a marketplace of shipping counterparties and their commodity trading partners. We\u2019re excited to team with Triterras and together bring greater transparency and informational integrity to shipping logistics for all parties on the Kratos platform,\u201d said Seven Oceans CEO Captain Himanshu Joshi.<\/p>\n

As described, the new logistics module advances the Kratos user experience by adding the delivery leg of a global commodities business alongside the platform\u2019s existing trading and finance modules. Earlier, Triterras<\/u> also<\/u> launched <\/u>an<\/u> Insurance Module in a partnership with Marsh<\/u><\/a>, one of the world\u2019s largest insurance broker, which allowed borrowers to seek and secure trade credit insurance on the platform.<\/p>\n

The impact, practicality, interoperability, and uniqueness of the Kratos platform were recently recognized when the platform won the<\/u>Singapore Founder category of the FinTech Awards issued by the Monetary Authority of Singapore<\/u>.<\/a><\/p>\n

\n About\u00a0Triterras \u00a0<\/strong>
\n
Triterras is a leading fintech company focused on trade and trade finance. It launched and operates Kratos\u2122\u2014one of the world\u2019s largest commodity trading and trade finance platforms that connects and enables commodity traders to trade and source capital from lenders directly online. For more information, please visit www.triterras.com<\/a> or email us at contact@triterras.com<\/a>.<\/p>\n

\n Forward Looking Statements<\/strong>
\n
This press release includes \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. Triterras\u2019 actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as \u201cexpect,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cbudget,\u201d \u201cforecast,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cbelieves,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include Triterras\u2019 expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Triterras\u2019 control and are difficult to predict. Factors that may cause such differences include but are not limited to risks and uncertainties incorporated by reference under \u201cRisk Factors\u201d in Triterras\u2019 Form 20-F (001-39693) filed with the Securities and Exchange Commission (the \u201cSEC\u201d) on November 16, 2020 (the \u201cForm 20-F\u201d) and in Triterras\u2019 other filings with the SEC. Triterras cautions that the foregoing list of factors is not exclusive. Triterras cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Triterras does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.<\/p>\n

\n About Seven Oceans<\/strong>
\n
Seven Oceans Holdings is a Singapore based company that creates maritime and shipping software for commercial shipping and fleet management. Its commercial shipping product, 7Oceans<\/em>, is arguably the most revolutionary creation that serves charterers, ship-owners and operators for bulk shipping needs. The current customer landscape includes corporate to mid and small size entities. The leadership at Seven Oceans is unparalleled, where innovation and design are driven from top by professionals who have held senior management positions in commercial shipping and technology. For more information visit\u00a0sevenoceansconsulting.com<\/a> or email us at marketing@sevenoceansconsulting.com<\/u><\/a>.<\/p>\n

\n Investor Relations Contacts:<\/strong>
\n
Jim Groh, Triterras Inc.
Mobile: +1 (678) 237-7101
Email: IR@triterras.com<\/a><\/p>\n

Gateway Investor Relations
Cody Slach and Matt Glover
Office: +1 (949) 574-3860
Email: TRIT@gatewayir.com<\/a><\/p>\n

Media Contacts:<\/strong>
Gregory Papajohn
Office of Corporate Communications
Triterras, Inc.
Mobile: +1 (917) 287-3626
Email: press@triterras.com<\/a><\/p>\n

Edmond Lococo, ICR Inc.
Mobile: +86 138-1079-1408
Email: Edmond.Lococo@icrinc.com<\/u><\/a><\/p>\n

\u00a0<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Company completes next stage in building its revolutionary commodity trading and trade finance digital marketplace across transactions, financing and now delivery SINGAPORE, Jan. 08, 2021 (GLOBE NEWSWIRE) — Triterras Inc. (Nasdaq: TRIT, TRITW), a leading fintech company for trade and trade finance, today announced the launch of a new logistics module on Kratos, its blockchain-enabled, commodity trading and trade finance platform. To build the logistics module, Triterras collaborated with Seven Oceans, a Singapore-based company that creates maritime and shipping software for commercial shipping and fleet management. Through an API connection of Seven Oceans\u2019 data sets to Kratos, the logistics module digitizes key information to enable shipbrokers, operators, and shipowners to do business together\u2014further with their commodity trading partners\u2014within the Triterras … <\/p>\n

Continue reading “Triterras Launches Kratos Logistics Module in Partnership with Seven Oceans”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411097","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTriterras Launches Kratos Logistics Module in Partnership with Seven Oceans - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-launches-kratos-logistics-module-in-partnership-with-seven-oceans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Triterras Launches Kratos Logistics Module in Partnership with Seven Oceans - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Company completes next stage in building its revolutionary commodity trading and trade finance digital marketplace across transactions, financing and now delivery SINGAPORE, Jan. 08, 2021 (GLOBE NEWSWIRE) — Triterras Inc. 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Through an API connection of Seven Oceans\u2019 data sets to Kratos, the logistics module digitizes key information to enable shipbrokers, operators, and shipowners to do business together\u2014further with their commodity trading partners\u2014within the Triterras … Continue reading "Triterras Launches Kratos Logistics Module in Partnership with Seven Oceans"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/triterras-launches-kratos-logistics-module-in-partnership-with-seven-oceans\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-08T13:33:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjc0MCMzOTA5OTU1IzUwMDA3NDQ2Mw==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triterras-launches-kratos-logistics-module-in-partnership-with-seven-oceans\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triterras-launches-kratos-logistics-module-in-partnership-with-seven-oceans\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Triterras Launches Kratos Logistics Module in Partnership with Seven Oceans\",\"datePublished\":\"2021-01-08T13:33:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triterras-launches-kratos-logistics-module-in-partnership-with-seven-oceans\\\/\"},\"wordCount\":881,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triterras-launches-kratos-logistics-module-in-partnership-with-seven-oceans\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyMjc0MCMzOTA5OTU1IzUwMDA3NDQ2Mw==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triterras-launches-kratos-logistics-module-in-partnership-with-seven-oceans\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/triterras-launches-kratos-logistics-module-in-partnership-with-seven-oceans\\\/\",\"name\":\"Triterras Launches Kratos Logistics Module in Partnership with Seven Oceans - 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