Drip Capital, a prominent digital specialty lending platform specializing in trade finance,  has secured $113 million in funding, comprised of $23 million in equity from Japanese investors GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing from the International Finance Corporation (IFC) and East West Bank. The capital will enhance Drip Capital’s trade finance innovations, expand its market presence, and develop new products, focusing on leveraging A.I. for credit risk assessment and operational efficiency. Despite challenges in the global trade sector, including rising interest rates and restricted capital access, Drip Capital has achieved profitability and established itself as a leading trade finance platform for SMBs in the U.S. and India.

Drip Capital Clinches $113m to Propel Global Trade Finance Innovation