B2B Trade Financing: Drip Capital Raises $113 Mn In A Mix Of Debt & Equity

Thursday, 5 September 2024, 08:46

B2B trade financing leader Drip Capital has successfully raised $113 Mn in a strategic mix of debt and equity funding. With contributions from notable investors, this capital injection aims to fuel market expansion and innovative product development. Founded in 2015, Drip Capital is transforming trade financing for SMBs in India, the US, and Mexico, witnessing impressive growth in revenue and customer base.
Inc42
B2B Trade Financing: Drip Capital Raises $113 Mn In A Mix Of Debt & Equity

Funding Breakdown

Drip Capital has announced a successful funding round raising a total of $113 million in a mix of debt and equity financing. Japanese investors GMO Payment Gateway and Sumitomo Mitsui Banking Corporation contributed $23 million in equity, while International Financing Corporation and East West Bank provided $90 million in debt.

Growth and Market Impact

This influx of capital is set to accelerate the company's market expansion plans and enhance product offerings for clients. Over the past two years, Drip has observed its revenue quadruple, backed by a doubling of its customer base. The startup integrates forex and risk analytics into trade financing solutions, benefiting small and medium businesses.

  • Collaborates with 9,000 sellers and buyers across 100+ countries
  • Financed over 1.99 lakh invoices involving $6.5 billion
  • Achieved significant cash profitability during challenging economic periods

Mukewar revealed that the global trade sector faced notable obstacles amid rising interest rates, leading to tight margins and restricted access to capital for SMBs. Yet, Drip Capital has positioned itself as a leading choice for trade finance solutions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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