Conektr and Triterras partner to deliver procurement working capital to small retailers in the United Arab Emirates

Conektr and Triterras partner to deliver procurement working capital to small retailers in the United Arab Emirates

DUBAI AND SINGAPORE: 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 (MSMEs), and Conektr, a digital lower trade, groceries, and HoReCa marketplace platform, today announced a collaboration to provide access to working capital to micro and small retailers across the United Arab Emirates (UAE) that are utilizing the Conektr app to manage their inventory.

This program, made via Triterras’ Invoice Bazaar platform, is among the first of its kind to give small businesses in the Fast Moving Consumer Goods (FMCG) space the ability to quickly secure working capital for procurement through a completely digital process and with simple Know Your Customer (KYC) requirements. Over 7,000 retailers are targeted in the first phase of the program.

“Neighborhood retailers globally have historically been unbanked for access to credit. Our collaboration with Conektr will help break this cycle through an easy-to-onboard, paperless process that is available to thousands of micro and small retailers on the Conektr platform that are in need of financing to help operate and grow their businesses,” said Anand Nagaraj, Triterras’ Executive Vice President of Business Development. “This collaboration is the latest step in our