Corpay Cross-Border Announces a New Collaboration with Triterras
June 28 2022 - 9:00PM
Business Wire
Provides Triterras and Kratos platform members
access to cross-border payments and foreign currency exchange
solutions
Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in
business payments, and Triterras Inc. (OTC Expert Market: TRIRF), a
global fintech company and leading innovator of inclusive finance
solutions for the world’s micro, small and medium enterprises
(MSME’s) are pleased to announce a new collaboration between
Corpay’s Cross-Border business and Triterras Inc.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220628005035/en/
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 award-winning 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.
“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
APAC, 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.”
“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. We’re extremely glad to have a
relationship and collaborate with Corpay to help make MSMEs run
smarter across their daily trading operations,” said Srinivas
Koneru, Founder and CEO of Triterras.
About Corpay
Corpay is a global leader 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. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio of
brands. To learn more visit www.corpay.com.
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 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. For more
information, please visit www.triterras.com.
1“Corpay” (a Fleetcor (NYSE: FLT) brand) in this document
primarily refers to the Cross-Border Division of Corpay
https://payments.corpay.com/cross-border; a full listing of the
companies that are part of the Corpay brand is available here:
https://payments.corpay.com/compliance.
* Subject to credit and compliance approval from the relevant
Corpay company.
Forward Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. 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 “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include [Triterras’] expectations with
respect to future performance, operations and product offerings.
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’] 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 “Risk
Factors” in [Triterras’ Form 20-F (SEC File No. 001-39693) filed
with the U.S. Securities and Exchange Commission (the “SEC”) on
March 7, 2022 and in Triterras’ other filings with the SEC] as well
as risks related to the adoption and implementation of Corpay to
Triterras and the Kratos platform members. [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, except as required by
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220628005035/en/
Corpay: Brad Loder VP, Cross-Border Marketing (647)
627-6635 brad.loder@corpay.com
Triterras, Inc.: Gregory Papajohn Office of Corporate
Communications +1 (917) 287-3626 press@triterras.com
FleetCor Technologies (NYSE:FLT)
Historical Stock Chart
From Mar 2024 to Apr 2024
FleetCor Technologies (NYSE:FLT)
Historical Stock Chart
From Apr 2023 to Apr 2024