PALO ALTO, CA, Drip Capital, a leading digital platform for trade finance, has secured $113 million in new funding.
This includes $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing, led by the International Finance Corporation (IFC) and East West Bank.
Drip Capital is a high-growth digital trade fintech focused on the $5 trillion global SME cross-border trade industry. The company collaborates with over 9,000 sellers and buyers across 100+ countries, having financed more than $6 billion in trade transactions. As a strategic financial partner, Drip Capital enables SMBs to effectively manage their cash flows and working capital, driving sustainable business growth.
(c) by Massinvestor, Inc. For contact info, please check out our
about page.