Drip Capital Secures $113 Million in Funding to Propel Global Expansion and Enhance AI-Driven Trade Finance Solutions

Drip Capital, a leading digital trade finance platform, has successfully raised $113 million in funding to fuel its next phase of growth. The round includes $23 million in equity investment from prominent Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), alongside $90 million in debt financing led by the International Finance Corporation (IFC) and East West Bank.
Over the past two years, Drip Capital has experienced significant growth, quadrupling its revenue and doubling its customer base. The company continues to expand its services for small and medium-sized businesses (SMBs) by integrating cutting-edge forex and risk analytics solutions with its core trade finance offerings. This latest round of funding will accelerate market expansion and support the development of innovative products tailored to meet evolving customer needs.
Drip has been at the forefront of leveraging advanced AI technologies to optimize credit risk assessments, enhance operational efficiency, and improve customer experiences. These efforts are central to Drip’s ambition to lead the digital transformation of trade finance.
“In 2022 and 2023, the global trade sector encountered numerous challenges, from rising interest rates to tightened access to capital for SMBs. Despite these obstacles, Drip Capital has emerged as the preferred platform for SMBs in the U.S. and India,” said Pushkar Mukewar, Co-founder and CEO of Drip Capital. “We are proud to have achieved cash profitability while expanding our services. With the support of our new and existing investors, we are well-positioned to continue driving growth and innovation.”
Ryu Muramatsu, Executive Vice President of GMO Payment Gateway, expressed confidence in Drip’s trajectory: “From the outset, we’ve admired Drip’s vision and innovative approach. Their comprehensive solutions are revolutionizing how SMBs engage in trade. We believe Drip’s technology and proprietary underwriting models are uniquely suited to overcome the challenges in the trade finance sector, and we are excited to support them in their next chapter of growth.”
With this infusion of capital, Drip Capital aims to enhance its AI-driven solutions and continue delivering seamless trade finance experiences to its growing global customer base.