Drip Capital, a company that provides digital trade financing and supports B2B e-commerce, has secured a $50-million credit line from Toronto-Dominion Bank (TD Bank), with the option to expand it by another $25 million, per an announcement.
TD Bank is one of the top 10 banks in North America.
The investment will help expand Drip’s financing programme for buyers and strengthen its position in global trade support for small businesses.
With this latest round, Drip Capital’s total funding has exceeded $500 million. The company’s backers include major global institutions such as Barclays, the International Finance Corporation (part of the World Bank), and East West Bank.
India’s small and mid-sized businesses (SMBs) contribute nearly 40% of the country’s exports, yet many continue to struggle with cashflow gaps and limited access to formal credit.
Drip Capital helps bridge this gap and claims to offer exporters instant access to working capital through its non-recourse receivables factoring solution.
This means exporters get paid upfront for their overseas shipments, while Drip Capital assumes the risk of collecting payments from international buyers.
“Our mission is simple: to make global trade more accessible for small businesses,” said Pushkar Mukewar, founder and CEO, Drip Capital, in a media release. “Whether in India, or outside, SMBs need reliable financing and trusted trade partners to compete. This facility allows us to extend that support at scale.”
Since its inception in 2016, Drip Capital claims to have financed over $8 billion in trade transactions for more than 11,000 firms across over 100 countries, including thousands of Indian exporters in sectors such as agro commodities, textiles, chemicals, and engineering goods.
In FY24-25 alone, the company is said to have disbursed over $2 billion, with India continuing to be one of its largest and fastest-growing markets.
