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Drip Capital raises $40m in Series C funding

Palo Alto based cross-border trade finance platform for SMBs raised $40m in Series C funding led by TI Platform.

"The COVID-19 pandemic has put severe pressure on cash flows of exporters and importers alike. This strain is being felt most by SMBs who have never had easy access to capital,” said Pushkar Mukewar, CEO and Co-founder of Drip Capital. “We are excited to welcome TI Platform and Barclays to help further our mission to make global trade easy and accessible to SMBs across the world.”

Tags

trade finance, lending