Drip capital, a digital cross-border trade finance platform for small and medium businesses (SMBs), said it has raised $175 million in through a combination of debt and equity.
The funds raised include $40 million in equity and $135 million in warehouse debt facilities. With this fundraise, Drip Capital has raised about $525 million in equity and debt funding so far.
Drip Capital will use the fresh capital to scale its business with investments in go-to-market initiatives and product development.
