Triterras Inc. announced a strategic alliance with Oman-based Mamun. The collaboration aims to bolster the trade finance and short-term lending landscape in the Sultanate of Oman. This collaboration harnesses Triterras' technological expertise and leverages Mamun's experience in Oman's financial services sector.

The collaboration will initially target the Micro, Small and Medium-sized Enterprise (MSME) finance sector in Oman, with a specific emphasis on the food and beverage industry. The collaboration will also enable Triterras to offer the KRATOS(TM) financing platform to banks in Oman on a white-label basis. As part of the alliance, Triterras will introduce eDirect Debit, a direct debit payment technology developed by Mamun, in the UAE.

eDirect Debit is designed to offer businesses a seamless and highly efficient payment solution, with the aim of enhancing the ease of handling transactions within the region. With Oman's vibrant market in mind, this collaboration potentially makes a substantial impact on businesses looking for finance by simplifying access to financial resources. As with Triterras' global mission, the collaboration will support MSMEs, enhancing financial inclusivity for businesses in Oman.