Drip Capital, a cross-border digital trade finance platform, partnered with Onfido, a global digital identity verification and authentication provider, to streamline the onboarding process for new customers.
Drip Capital, a cross-border digital trade finance platform, collaborated with CARGOES Finance By DP World, a platform enabling rapid and seamless access to working capital for emerging-market small and medium-sized enterprises.
Drip Capital, a digital cross-border trade finance platform for small and medium businesses, raised $175 million in fresh capital to power its next phase of growth. The funds include $135 million in warehouse debt facilities from Barclays Investment Bank and East West Bank.
Drip Capital, a fintech provider of cross-border trade finance, and East West Bank closed a $40 million committed credit facility for the expansion of Drip’s trade finance solutions to small and medium-sized businesses.
GoTrade, the inventory finance product of Drip Capital, provided $4 million in inventory financing to a seafood importer based out of New Jersey.