Drip Capital Secures $113M to Enhance Working Capital Solutions in India
Thursday, 5 September 2024, 10:31
Drip Capital's Investment Surge
Drip Capital, a fintech pioneering financing solutions, has successfully secured $113 million in funding.
Breakdown of the Funding
- $23 million in equity
- $90 million in debt
This infusion aims to provide crucial working capital for small and medium-sized businesses (SMBs) in India and the U.S.
Impact on Small Businesses
The capital raised will be dedicated to expanding credit accessibility for SMBs, enhancing financial opportunities, and fostering growth.
Significant Developments in Fintech
Drip Capital's initiative is set to reshape the financing landscape for small enterprises, ensuring they can thrive in competitive environments.
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