Digital Platform For Trade Finance Drip Capital Bags $113 M In Its New Funding

Digital trade finance platform Drip Capital has raised $113 million in a fresh funding round, combining equity and debt, to accelerate its expansion plans and enhance product offerings for small and medium-sized businesses (SMBs) across key markets, including India and the US. The funding round includes $23 million in equity from two major Japanese institutional investors—GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC)—along with $90 million in debt, sourced from the International Finance Corporation (IFC) and East West Bank. #dripcapital #startup #startupnews #startupstreet #funding #cnbctv18live 🔴CNBC TV18 LIVE TV: https://youtube.com/live/P857H4ej-MQ SUBSCRIBE to our Channel: https://bit.ly/3nvEcxf --------------------------------------------------------------------------------------------------------------------- 👑 Check Out Top CNBC TV18 Playlist Videos: 🔹Lok Sabha Elections 2024:    • Playlist   🔹CNBC TV18 Digital Podcast:    • I Did It My Way - CNBC TV18 Digital Podcast   🔹Sounding Board:    • Sounding Board | CNBC TV18   🔹International Videos:    • World News - CNBC-TV18   🔹CNBC TV18 Market Cafe:    • CNBC TV18 Market Cafe   🔹CNBC TV18 Digital:    • CNBC-TV18 Digital Videos   🔹CNBC TV18 Weekend Special:    • CNBC-TV18 Weekend Special   🔹CNBC TV18 Next-Gen:    • CNBCTV18 Next-Gen   🔹Overdrive Show:    • OVERDRIVE || CNBC TV18   🔹Young Turks:    • YOUNG TURKS - The Entrepreneurship Show   🔹Startup Streets:    • Startup Street   ------------------------------------------------------------------------------------ You can also connect with CNBC-TV18 News Online Catch the latest news: https://bit.ly/2YbpXBM Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/ Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/ You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/ Like us on Facebook:   / cnbctv18india   Follow us on Twitter:   / cnbctv18news   Follow us on Instagram:   / cnbctv18india   Catch us on: Linkedin:   / cnbc-tv18   n18oc_business About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.