eCommerceNews Asia - Technology news for digital commerce decision-makers
Story image
Corpay announces new collaboration with Triterras
Fri, 1st Jul 2022
FYI, this story is more than a year old

Business payments company Corpay and fintech firm Triterras have announced a new collaboration between Corpay's Cross-Border business and Triterras Inc.  

Through this collaboration, both Triterras and its Kratos platform members can gain access to and utilise Corpay's innovative solutions to help mitigate foreign exchange exposure for their day-to-day business needs.

Additionally, Corpay Cross-Border's platform will enable both Triterras and Kratos members to manage their global payments from a single point of access. Clients who choose Corpay for their global payments and foreign currency exchange transactions will undergo Corpay Cross-Borders's onboarding process, which includes but is not limited to due diligence checks and know your client (KYC) procedures.

Corpay is a specialist in business payments, helping companies of all sizes better track, manage and pay their expenses. Corpay provides customers with a comprehensive suite of online payment solutions including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. As the largest commercial issuer of Mastercard in North America, Corpay handles over a billion transactions each year.

“We're very excited to onboard Triterras as a new customer, as well as our new partner. I am confident that both Triterras and Kratos platform members looking to better streamline their payments processes and effectively manage their FX exposure will benefit from access to our comprehensive cross-border payments and currency risk management solutions,” says David Britten, managing director Asia Pacific, Corpay Cross-Border.

“Our team in APAC looks forward to helping these enterprises power their cross-border payments, execute plans to manage their currency risk and support their aspirations to grow their businesses globally," he says.

Srinivas Koneru, founder and chief executive officer of Triterras, adds, “We're always looking for ways to fortify our Kratos platform to potentially save our clients time and money.

"Corpay offers Kratos members — as well as Triterras — world-class payments and foreign exchange hedging solutions that give MSMEs a competitive edge and keep their businesses safe," he says.

"We are extremely glad to have a relationship and collaborate with Corpay to help make MSMEs run smarter across their daily trading operations."

Triterras is a global fintech company co-headquartered in Singapore and Dubai and an innovator of inclusive finance solutions for the world's micro, small and medium enterprises (MSMEs). The company launched and operates Kratos — one of the world's largest digital financing platforms - to directly connect MSMEs with lenders online and source capital across commodity trading, supply chain, logistics, and ecommerce finance.