logo
logo

Drip Capital Raises $175M To Build A Tech-Enabled Global Trade Facilitation Platform

Oct 28, 2021•over 3 years ago

Amount Raised

$175 Million

Palo Alto

Description

Drip Capital, Inc. (Drip Capital), a leading digital cross-border trade finance platform for small and medium businesses (SMBs), announces that it has raised $175 million in fresh capital to power its next phase of growth. Funds raised include a $40 million Series C investment and $135 million in warehouse debt facilities. To date, with this fundraise, Drip Capital has raised about $525 million in equity and debt funding.

Company Information

Company

Drip Capital

Location

Palo Alto, California, United States

About

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

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech