Drip Capital secures $113M to expand trade finance solutions and disbursals

Quick Summary:

The round comprised equity funding from GMO Payment Gateway and Sumitomo Mitsui Banking Corporation, and debt financing from IFC and East West Bank.

While the US is a key market for exports, Drip Capital also works with importers, particularly those sourcing from China, Asia, and Latin America.

We will continue to build on our existing strengths, refine our technology and risk management processes, and leverage our established customer base," Mukewar said.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: IndiaChinaJapan

Topics: Data Finance Funding Credit Smes Drip Trade Financing Capital Million Build

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 15:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 22376910

View Article Analysis

About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 30 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

Publisher Details

Frequently Asked Questions