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  5. Triterras Acquires Invoice Bazaar

M&A Deal Summary

Triterras Acquires Invoice Bazaar

On May 17, 2021, Triterras acquired financial services company Invoice Bazaar

Acquisition Highlights
  • This is Triterras’ 1st transaction in the Financial Services sector.
  • This is Triterras’ 1st transaction in United Arab Emirates.

M&A Deal Summary
Date 2021-05-17
Target Invoice Bazaar
Sector Financial Services
Buyer(s) Triterras
Deal Type Add-on Acquisition

Target

Invoice Bazaar

Dubai, United Arab Emirates
Invoice Bazaar is a Dubai-based FinTech start-up which has developed a proprietary technology platform for offering Supply Chain Finance, Receivables Finance and Dynamic Discounting. Invoice Bazaar’s management team has over 50 years of combined work experience across banking and technology in global organizations including Citi, HSBC and Goldman Sachs. Invoice Bazaar’s platform provides opportunities for large buyers to help their smaller suppliers by having their receivables paid early. Invoice Bazaar was founded in 2016 and is based in Dubai, United Arab Emirates.

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Buyer(S) 1

Buyer

Triterras

Singapore, United States
Category Company
Founded 2018
Sector Financial Services
Employees49
Revenue 57M USD (2022)
DESCRIPTION

Triterras is a fintech company focused on trade and trade finance. Triterras was founded in 2018 and is based in Singapore.

DEAL STATS #
Overall 1 of 2
Sector: Financial Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Arab Emirates M&A 1 of 1
Year: 2021 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 ECAPS

Republic Plaza, Singapore

ECAPS operates an open banking platform in India. ECAPS offers a wide suite of digital financial solutions to emerging middle-class customers across 16 states in India. ECAPS’s distribution network comprises over 80,000 MSME retailers and 4,000 distributors. ECAPS has commercial partnerships with banks, payment service providers, payment gateways, insurance firms, telemedicine, and e-commerce players in India. ECAPS is based in Republic Plaza, Singapore.

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