Drip Capital
Financials
Estimates*
USD | 2018 | 2019 | 2020 |
---|---|---|---|
Revenues | 4.4m | 17.4m | 26.6m |
% growth | - | 295 % | 53 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | N/A | Seed | |
$120k | Seed | ||
N/A | Seed | ||
$5.0m | Seed | ||
$15.0m | Series A | ||
$25.0m | Series B | ||
$40.0m | Debt | ||
$40.0m | Series C | ||
$135m | Debt | ||
N/A | Secondary | ||
* | $40.0m | Debt | |
* | $23.0m Valuation: $200m | Late VC | |
* | $90.0m | Debt | |
Total Funding | AUD167m |
Related Content
Recent News about Drip Capital
EditDrip Capital is a trade finance company that provides collateral-free post-shipment finance to small and medium-sized exporters in emerging markets like India and Mexico. The company operates in the global trade finance market, focusing on simplifying global trade by addressing the working capital needs of exporters. Drip Capital's business model involves offering financing solutions that do not require collateral, thus enabling exporters to manage their cash flow more effectively. The company makes money by charging interest on the financed amount and fees for its services. Drip Capital serves over 750 exporters across 70 cities and works with buyers from 60 countries. Since its founding in 2015, the company has grown to a global organization with 180 employees spread across five offices in three countries. The team comprises individuals from diverse backgrounds in technology, financial services, and actuarial sciences, all working towards driving transformational impact in international trade.
Keywords: trade finance, exporters, collateral-free, working capital, global trade, emerging markets, post-shipment finance, cash flow, financing solutions, international trade.