NEWS
Triterras partners with Mamun , offers white-label finance platform to Oman banks
Triterras , a fintech company focused on digital trade and supply chain finance announced a strategic alliance with Omanbased Mamun , an embedded fintech infrastructure as a service and finance provider . The collaboration aims to bolster the trade finance and short-term lending landscape in Oman .
Ashish Srivastava
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 KRATOSTM financing platform to banks in Oman on a white-label basis . Triterras previously launched and operated KRATOS , one of the world ’ s largest digital financing platforms .
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 .
“ One of the key challenges for startups and micro businesses is a lack of capital and financing , which hinders growth and accessibility to markets . Our primary aim is to enable MSMEs with access to immediate and workable financial solutions to maintain business continuity and foster growth opportunities ,” said Ashish Srivastava , Chief Commercial Officer at Triterras .
“ We are excited to witness the expansion of our eDirect Debit technology into the UAE through our collaboration with Triterras ,” said Mohammed Al Tamami , Co-Founder and Chief Commercial Officer , at Mamun .
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 .
Odys Aviation , Aramex partner to build Oman network using hybrid VTOL aircraft
Odys Aviation , a sustainable aviation company building hybrid-electric vertical take-off and landing , VTOL aircraft and Aramex , announced a partnership to develop cargo operations in Oman and further afield in the region . The collaboration aims to generate a new GCC network and operating model using VTOL aircraft for Aramex .
Odys Aviation ’ s state-of-the-art aircraft , designed in multiple configurations for cargo , will be capable of delivering all-electric propulsion for distances up to 320 kilometres and will offer a hybrid-electric range of more than 1,200 kilometres . As a result , flights operated via these aircraft have the potential to reduce carbon emissions on pan-GCC flights by up to 76 % and provide a zerocarbon air cargo alternative for routes across Oman and beyond .
Under the terms of the partnership , Odys
Aviation and Aramex intend to collaborate on the development of autonomous logistic programmes which will introduce cargo flights leveraging Odys Aviation ’ cargo aircraft and Aramex ’ s fleet management capabilities .
The first pilot programmes will utilise Odys Aviation ’ s Laila aircraft , 22 ft wingspan and 130 lbs payload and will expand to include the company ’ s Alta aircraft , a full-scale vehicle with payload capabilities up to one tonne . Aramex intends to support pilot training and a test flight programme which will demonstrate the movement of cargo between its regional locations .
The teams will further work jointly to tailor Concept of Operations , CONOPS that will develop Odys Aviation ’ s aircraft to serve specific local environments . Upon approval from regional regulatory bodies , the two companies intend to launch operations and commercial activities and expand beyond test programs to demonstrable routes and new markets within the GCC .
Designed for short-haul routes , Odys Aviation ’ s aircraft will play a pivotal role in defining the future of electric flights in the region .
14 INTELLIGENTCIO MIDDLE EAST www . intelligentcio . com