Drip Capital Closes $40M Committed Warehouse Credit Facility From East West Bancorp To Facilitate Trade Finance To Small Businesses
Drip Capital Closes $40M Committed Warehouse Credit Facility From East West Bancorp To Facilitate Trade Finance To Small Businesses
03/28/21, 6:00 AM
Location
palo alto
Drip Capital, a leading Fintech provider of cross-border trade finance, and East-West Bank (EWB), announce a US$ 40M committed credit facility for the expansion of Drip's trade finance solutions to small and medium-sized businesses (SMBs).
Company Info
Location
palo alto, california, united states
Additional Info
Drip Capital is a fintech company that is transforming global trade finance. Drip Capital offers digitized trade financing solutions in markets like US, India and Mexico by providing small and medium business (SMBs) clients access to working capital and currently works with over 3,500 sellers and buyers across 80+ countries. The company acts as a strategic financial partner to these SMBs, allowing them to effectively manage their cash flows/working capital to accelerate sustainable business growth.
Drip Capital was honored as a CB Insights Top 250 Global Fintech Company in 2020. For further information on Drip Capital, please visit www.dripcapital.com