Drip Capital Raises $113 Mn In A Mix Of Debt & Equity

Drip Capital Raises $113 Mn In A Mix Of Debt & Equity

SUMMARY

Japanese investors GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC) infused $23 Mn in equity financing

Drip Capital raised $90 Mn debt from International Financing Corporation and East West Bank

The startup said that the capital will support its market expansion plans and help it develop new products tailored to customer needs

Trade financing startup Drip Capital has raised a funding of $113 Mn in a mix of debt and equity. 

While Japanese investors GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC) infused $23 Mn in equity financing, the startup raised $90 Mn debt from International Financing Corporation (IFC) and East West Bank.

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