Wikipedia

Drip Capital

Drip Capital (DRIP/c) is a digital trade finance and B2B commerce company based in Palo Alto, California.[1] The company offers working capital to small and medium sized companies engaged in cross-border trade in India, Mexico and the United States using technology and data analytics.[2][3] It also operates a B2B commerce platform that connects global buyers and suppliers. It's investors include Accel, Sequoia, Wing VC, Y Combinator, and Sumitomo Mitsui Banking Corporation, alongside debt partners such as Barclays, IFC (World Bank Group), and TD Bank.

Drip Capital
Type of site
Private
Founded2016
HeadquartersPalo Alto, California
Founder(s)Pushkar Mukewar
Neil Kothari
Key peoplePushkar Mukewar (CEO)
IndustryFintech, International Trade
Employees300+

History

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The company was founded in November 2016 by Wharton School alums Pushkar Mukewar[4] and Neil Kothari.[5] Using their prior experience in finance and technology, they set up the company to bridge the trade finance gap for SME export-import worldwide.[6][7][8]

Drip Capital later launched its Indian subsidiary, Drip Capital Services India LLP to begin operations in the country.[9] In 2018, Drip introduced its supplier financing solutions and domestic factoring services for small businesses in Mexico.[10]

Products and services

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Drip Capital has two core offerings: trade finance and trade commerce.

Under trade finance, Drip Capital offers digital, collateral-free finance to small and medium-sized businesses participating in international trade.[11] Using electronic data and automated risk assessment[12], the company evaluates counterparties and transactions to extend credit limits of up to US$3 million, depending on the size of the business and its requirement.[13]

In the United States, Drip Capital operates supply chain financing programs for buyers, enabling domestic and international suppliers to receive accelerated payments. In India, the company provides receivables financing for exporters as well as supply chain financing solutions for domestic buyers and their supplier networks.[14]

Its trade commerce offering is a B2B commerce platform that connects global buyers and suppliers to facilitate cross-border sourcing. The platform enables businesses to identify trade partners, manage transactions, and participate in global supply chains.[15]

Drip Capital has been extensively engaging with various trade associations and export promotion councils like FIEO, EEPC, CHEMEXCIL, and PLEXCONCIL to educate exporters about its product offerings.[16][17][18][19] In November 2021, Drip Capital announced two new partnerships, a collaboration with CARGOES Finance by DP World and another with TradeLens, a blockchain enabled digital platform,[20][21] to enable access to working capital for emerging market small and medium-sized businesses.[22][23]

Growth and Funding

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Drip Capital has raised nearly $640 million in venture capital and debt funding since it started operations. The company is backed by prominent equity investors, including, Accel, Wing, Transpose Platform, Peak XV Partners (Sequoia India), Sumitomo Mitsui Banking Corporation (SMBC), GMO Payment Gateway, and Y-Combinator. On the debt side, Drip partners with leading financial institutions including IFC, Barclays and East West bank.[24][25] In 2025, the company received a $50 million credit facility, with an additional $25 million accordion option from TD Bank to accelerate North American expansion.[14] As of October 2025, it has funded more than $8 billion of trade transactions.[26][27][28][29]

In September 2020, Drip Capital was named to the CB Insights Fintech 250 list.[30] In March 2022, it was featured in Y Combinator's Top Companies list.[31][32][33] Later that year, Drip Capital was selected to the Red Herring Global Top 100 list.[34] In 2025, the company was featured in the ASK Private Wealth Hurun India Unicorn and Future Unicorn Report 2025 as one of India's "leading soonicorns."[35] The company has also been listed as one of the Top 10 companies list of Forbes India and D Globalist's DGEMS Select 200 list.[36]

Locations

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Drip's corporate headquarters are Palo Alto, California. It also has offices in Mumbai, India and Mexico City, Mexico.[37]

References

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  1. ↑ "Drip Capital offers easy finance to MSME exporters". @businessline. Retrieved 2021-03-17.
  2. ↑ "Drip Capital Surpasses $1 Billion in Cross-Border Trade Receivables Financing Transactions". finance.yahoo.com. Retrieved 2021-03-17.
  3. ↑ "Drip Capital raises $15 mn from Accel, Sequoia and others". www.fortuneindia.com. Retrieved 2019-04-06.
  4. ↑ "Invoice factoring has great potential to help SME exporters: Drip Capital co-founder". www.smetimes.in. Retrieved 2019-04-06.
  5. ↑ "Accel, Sequoia and others invest in trade finance firm Drip Capital". VCCircle. 2018-06-21. Retrieved 2019-04-06.
  6. ↑ "Drip Capital found out how to fund small manufacturers without big banks". Protocol — The people, power and politics of tech. 2021-01-18. Retrieved 2021-03-17.
  7. ↑ Network, Knn India-Knowledge & News. "Drip Capital helps Kochi exporters and SMEs capitalize on trade finance solutions". knnindia.co.in. Retrieved 2019-04-06.
  8. ↑ Chakraborty, Subhayan (29 March 2019). "Apparel exporters fear tough year ahead as global orders fall". Business Standard.
  9. ↑ "Drip Capital raises $25M to help exporters access working capital". TechCrunch. Retrieved 2021-03-17.
  10. ↑ "Drip Capital plans to expand into new markets across the world".
  11. ↑ "Drip Capital offers easy finance to MSME exporters". @businessline. Retrieved 2021-03-17.
  12. ↑ Gooptu, Biswarup. "Drip Capital raises $15M from Sequoia Capital, Accel Partners & others". The Economic Times. Retrieved 2021-03-17.
  13. ↑ "You are being redirected..." www.ciol.com. Retrieved 2021-03-17.
  14. 1 2 Staff, Entrepreneur (30 October 2025). "Drip Capital Secures $50 Mn from TD Bank to Scale Global SMB Trade Finance".
  15. ↑ "Peak XV-backed Drip Capital has big plans for new B2B marketplace". VCCircle. Retrieved 2025-12-30.
  16. ↑ "Drip Capital Brings Invoice Factoring To Nagpur Exporters". Retrieved 2021-01-20.
  17. ↑ "Drip Capital Help Faridabad Exporters Capitalize On Trade Finance Solutions". SMEStreet: Knowledge & Networking for Growth. 2019-08-30. Retrieved 2021-01-20.
  18. ↑ "Big boost for SMEs! FIEO, Drip Capital to power Indian small business exports". Zee Business. 2019-07-12. Retrieved 2021-01-20.
  19. ↑ "Drip Capital partners with BAA to bring alternative financing solutions for exporters". ANI News. Retrieved 2021-01-20.
  20. ↑ "Drip Capital joins hands with TradeLens to provide blockchain-enabled financing solutions for exporters". The Economic Times. Retrieved 2022-03-11.
  21. ↑ "Drip Capital connects with TradeLens to provide blockchain-enabled financing solutions for importers and exporters". ThePrint. 2021-11-11. Retrieved 2022-03-11.
  22. ↑ "Drip Capital partners with CARGOES Finance to help SMEs". The Economic Times. Retrieved 2022-03-11.
  23. ↑ "Drip Capital partners with CARGOES Finance by DP World". SeaNews. 2022-02-23. Retrieved 2022-03-11.
  24. ↑ "Drip Capital raises $25M to help exporters access working capital". TechCrunch. 24 July 2019.
  25. ↑ Review, G. T. (2021-11-03). "Drip Capital to ramp up activities following bumper funding round". Global Trade Review (GTR). Retrieved 2021-12-10.
  26. ↑ "Drip Capital Named to Y Combinator's Top Companies List". AP NEWS. 2022-03-03. Retrieved 2022-03-11.
  27. ↑ "Drip Capital closes $40 million credit facility from East West Bancorp". cnbctv18.com. Retrieved 2021-03-25.
  28. ↑ GmbH, finanzen net. "Drip Capital Surpasses $1 Billion in Cross-Border Trade Receivables Financing Transactions". markets.businessinsider.com. Retrieved 2021-03-17.
  29. ↑ Dewan, Neha. "Drip Capital raises $175 mn to build tech-enabled global trade facilitation platform for MSMEs". The Economic Times. Retrieved 2021-12-10.
  30. ↑ GmbH, finanzen net. "CB Insights Names Drip Capital to the 2020 Fintech 250 List". markets.businessinsider.com. Retrieved 2021-03-17.
  31. ↑ "Drip Capital Named to Y Combinator's Top Companies List". The Week. Retrieved 2022-03-11.
  32. ↑ "Drip Capital named on Y Combinator's Top Companies List". ANI News. Retrieved 2022-03-11.
  33. ↑ "Y Combinator Top Companies List". Y Combinator. Retrieved 2022-03-11.
  34. ↑ Vanita, D'souza (March 3, 2022). "Drip Capital Named to Y Combinator's Top Companies List".
  35. ↑ "Proud to share that Drip Capital featured in the ASK Private Wealth HURUN INDIA Future Unicorn Report 2025 among India's soonicorns, startups expected to become unicorns in the near future. Thank… | Pushkar Mukewar | 11 comments". www.linkedin.com. Retrieved 2025-12-30.
  36. ↑ "DGEMS". Forbes India. Archived from the original on 2025-11-13. Retrieved 2025-12-30.
  37. ↑ PYMNTS (2020-05-17). "Drip To Help SMB Importers Unlock Working Capital". www.pymnts.com. Retrieved 2021-03-17.
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