Drip Capital
Drip Capital is a fintech company based in Mumbai, India, and Palo Alto, California, offering digital trade financing solutions for small businesses with collateral-free post-shipment finance and instant approvals.
Services
Drip Capital offers digital trade financing solutions specifically tailored for small businesses. Their primary service is collateral-free post-shipment finance, which comes with instant approvals and minimal documentation. This service is designed to help exporters and importers by providing a credit line of up to $2.5 million. The company prides itself on a transparent financing process, competitive pricing, and integration with current banking systems. Drip Capital also facilitates a paperless application process and aims to provide funding within 24 hours. Additionally, businesses are assigned a dedicated account manager to assist with expansion and operations.
Company Locations
Drip Capital maintains offices in key locations across the globe to better serve its clients. Headquartered in Palo Alto, California, the company also has a significant presence in Mumbai, India. The firm operates in multiple regions including India, South Asia, and offers both fully remote and partly remote working options to meet the diverse needs of its workforce and clientele.
Investment and Partnerships
Drip Capital is backed by a strong network of investors known for their significant roles in the fintech sector. This includes renowned names such as Accel, Sequoia, Wing VC, Initialized, and Y Combinator. Participation in the Y Combinator's Summer 2015 (S15) batch further underscores the company's reputable standing in the fintech community.
Fintech Industry Focus
Operating within the fintech sector, Drip Capital specifically focuses on the sub-industry of credit and lending. The company’s financial solutions are meticulously crafted to address the challenges faced by small businesses engaged in international trade. By providing innovative credit facilities, Drip Capital aims to empower small and medium-sized enterprises (SMEs) to grow and expand their operations globally.
Global Trade Financing Impact
Drip Capital has a notable impact on the global trade financing sector. To date, the company has financed over $4 billion in trade and empowered more than 6,000 companies across 100+ countries. By offering competitive credit terms to suppliers and facilitating discounts on shipments, Drip Capital claims to significantly contribute to the growth of small businesses on a global scale.