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Business EconomyPosted at: Mar 22 2019 7:24PM


Drip Capital plans to expand into new markets acorss the world: Official

Kochi, Mar 22 (UNI) Drip Capital, a US-based trade finance company has planned to expand into new markets across the world besdies leveraging technology to solve multiple problems commonly faced by exporters, a company official informed.

‘’Moving beyond trade finance, the company aims to continue leveraging data, technology, analytics, and a team of highly motivated professionals to become a leader in the global export ecosystem,’’ Drip Capital Regional Sales Manager Nath Kakani said this while speaking at an ‘’interactive session on export factoring’’ held here last night.

Drip Capital has financed over $300 million worth of invoices till date, and currently works with over 300 exporters across various product categories and geographies across India and Mexico, Mr Kakani said, adding that a lot of Drip’s growth has been fueled by increasing demand from labor-intensive and SME-dominated sectors, such as agri-commodities, apparel and logistics.

Stating that there were many small and medium industrial units in and around Kochi and many of these SMEs face severe issues with managing their working capital because of a lack of adequate financing options., he said in order to solve this problem, Drip Capital provides collateral-free post-shipment finance to Indian exporters with instant approvals and minimal documentation.
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