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Venture Capital News: Drip Capital Raises $113M

2024-09-05
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.
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