Triterras was incorporated in 2018 and is headquartered in Singapore. Kratos financing options include supply chain financing, accounts receivable purchase (ARP) financing, and loan financing. The company targets underserved SME segments in emerging markets seeking digitized trade finance solutions.
Cyborg Score Rationale
Triterras operates in high-growth fintech trade finance but faces significant operational challenges including substantial losses and declining transaction volumes. Stock price has deteriorated dramatically from peak valuations, suggesting market confidence concerns despite management claims of profitability.
Top Insights
Operates blockchain-enabled Kratos platform for SME trade finance across Asia-Pacific region
Achieved Singapore Monetary Authority recognition for technology innovation
Experienced 75% decline in transaction volumes and significant impairment charges in recent periods
Stock trades on OTC markets with severe price compression, indicating liquidity and valuation challenges
Named Competitors
Trade Finance Platform — Established supply chain finance offerings
Working Capital Solutions — Digital SME lending and trade solutions
Recent Developments
(August 2022) Reported 15% revenue growth to $26.4M but recorded $21.6M net loss with $14.4M impairment charges
(2020) Won Singapore Monetary Authority award for best technology solution
(Recent) Partnership announcements including Invoice Bazaar-Cari alliance for working capital solutions
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