Drip Capital Nets $50 Mn Debt To Offer Working Capital To SMBs

Drip Capital raises US$50M from TD Bank to boost global SMB trade finance

Drip Capital, has secured a US$50 million committed credit facility with an additional $25 million accordion feature from Toronto-Dominion Bank (TD Bank), one of the top ten banks in North America. The partnership marks Drip Capital’s first engagement with TD Bank. The facility will support the company’s Buyer Finance programme across North America while reinforcing […] The post Drip Capital raises US$50M from TD Bank to boost global SMB trade f…

Drip Capital Secures $50 Million from TD Bank to Expand SMB Trade Finance Globallya

Drip Capital’s total debt funding raised to date exceeds $500 million, supported by global partners including Barclays, World Bank’s International Finance Corporation (IFC), and East West BankThe latest round of funding, led by Toronto-Dominion Bank, strengthens Drip Capital’s global platform for small and mid-sized businesses (SMBs)Drip Capital has financed over $8 billion in trade transactions for more than 11,000 firms across 100+ countries s…

Drip Capital secures $50M credit facility from TD Bank to scale SMB trade finance across North America

Drip Capital’s total debt funding raised to date exceeds US$500 million, supported by global partners including Barclays, World Bank’s International Finance Corporation (IFC), and East West BankDrip Capital has financed over USD$8 billion in trade transactions for more than 11,000 firms across 100+ countries since inceptionDrip Capital, a digital trade finance and B2B e-commerce company, has secured a US$50 million committed credit facility with…

Drip Capital Nets $50 Mn Debt To Offer Working Capital To SMBs

Trade financing startup Drip Capital has raised $50 Mn (INR 441.5 Cr) in a debt funding round led by Canada-based Toronto-Dominion Bank.  The deal will also have an additional $25 Mn accordion feature. This means that Drip Capital will be able to extend its credit line by an additional $25 Mn without negotiating a new agreement.  In a statement, Drip Capital said that the debt facility will support the startup’s buyer finance programme across No…