Drip Capital Nets $50 Mn Debt To Offer Working Capital To SMBs

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SUMMARY

The deal will also have an additional $25 Mn accordion feature, which means that Drip Capital will be able to extend its credit line without negotiating a new agreement

The fresh proceeds will be utilised to scale up the startup’s trade finance platform and its volume

Founded in 2015, Drip Capital offers trade financing solutions to small and medium business (SMB) clients in India, the US and Mexico

Trade financing startup Drip Capital has raised $50 Mn (INR 441.5 Cr)…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Drip Capital Nets $50 Mn Debt To Offer Working Capital To SMBs


SUMMARY

The deal will also have an additional $25 Mn accordion feature, which means that Drip Capital will be able to extend its credit line without negotiating a new agreement

The fresh proceeds will be utilised to scale up the startup’s trade finance platform and its volume

Founded in 2015, Drip Capital offers trade financing solutions to small and medium business (SMB) clients in India, the US and Mexico

Trade financing startup Drip Capital has raised $50 Mn (INR 441.5 Cr)…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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