SINGAPORE, Sept. 9, 2022 (GLOBE NEWSWIRE) — Triterras Inc. (OTC Expert Market: TRIRF) (“Triterras” or the “Company”), a leading fintech company focused on trade and trade finance, today announced that on September 8, 2022, the Company received final court approval to resolve the securities class-action lawsuit pursuant to the heading Erlandson v. Triterras, Inc., et al. (Civil Complaint No. 7:20-cv-10795-CS (SDNY)). The Settlement resolves all claims asserted against the Company and the other named defendants, without admission of liability or wrongdoing by the Company or any other defendant. According to the settlement, the company made a payment of $9 million, of which $4.25 million is expected to be covered by insurance payments.

About Triterras
Triterras is a global fintech company headquartered in Singapore and Dubai and a leading innovator of integrated financial solutions for the world’s micro, small and medium-sized enterprises (MSMEs). The company launched and operates Kratos™ – one of the world’s largest digital finance platforms – to connect MSMEs directly online with lenders and raise capital through commodity trading, supply chain, logistics and e-commerce finance. For more information, please visit triterras.com or email us [email protected].

Forward-Looking Statements
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