Palo Alto, CA based provider of invoice financing to small and medium-sized exporters raised $25m in Series B funding led by Accel.
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Drip Capital raises $25 million
“Despite the fact that they’re reputable, credit-worthy businesses, over half of them still get turned down by banks for the capital they need. We invested in Drip to change this,” said Arun Mathew, a partner at Accel. “With new funding in place, we can replicate the model we’ve created in India with other geographies by scaling the product, engineering, sales and marketing teams,” the startup said.
