Sequoia-backed Drip Capital finances over $1 bn cross-border trade

As economies have opened up, Drip has witnessed over 50% quarter on quarter growth in the last three quarters

The coronavirus pandemic has accelerated the exports for Indian businesses and unlocked new opportunities. Drip Capital, which provides working capital to small and medium-sized (SMEs) exporters, said it has reached a major company milestone of financing over $1 billion of cross-border trade through its platform. The global fintech company provides this financing in emerging markets like India and Mexico.

“Our core focus has been to innovate and solve credit access problems for the export-import community,” said Pushkar Mukewar, co-founder and CEO of Drip Capital. “With the company crossing the $1 billion mark, we are confident taking the business to new