Startups > Drip Capital

Drip Capital

Drip Capital provides instant, collateral-free trade financing to global SMBs.

Venture Round $640M total Founded 2016 Palo Alto, California 321 employees

Drip Capital is a digital trade finance platform providing collateral-free post-shipment financing to exporters and importers globally. Using automated risk assessment and minimal documentation, the company extends credit lines up to $3M to SMBs participating in international trade. The platform has facilitated over $9 billion in cross-border trade for 11,000+ businesses across 100+ countries, addressing the $1.7 trillion global trade finance gap that traditional banks leave underserved.

Problem solved

SMBs in international trade cannot access affordable financing from traditional banks due to collateral requirements, lengthy approval processes, and inability to provide organized financials.

Target customer

Small and medium-sized exporters and importers seeking cross-border trade finance; supply chain buyers financing domestic and international suppliers; businesses in developing markets lacking access to traditional bank credit.

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Founders

Pushkar Mukewar

CEO & Co-Founder

Wharton MBA, former venture capitalist at Saama Capital with 13 years in financial services; holds Computer Science degree from Savitribai Phule Pune University.

Neil Kothari

Co-Founder & Co-CEO

Stanford graduate with BS in Computer Science and MBA; former corporate and business development role at Cisco Systems and quantitative finance background.

Funding history

Early Funding $50M 2016-2018 Led by Wing VC, Accel, Sequoia · Y Combinator

Warehouse Facility $175M 2021 Led by Barclays · East West Bank

Series Round $113M September 2024 Led by GMO Payment Gateway, Sumitomo Mitsui Banking Corporation · IFC, East West Bank (includes $23M equity, $90M debt)

Credit Facility $50M 2025 Led by TD Bank · Accordion option of $25M additional

Total raised: $640M

Industries

Financial Services Finance FinTech

Pricing

Supplier financing costs as low as 0.5% per month based on credit evaluation; credit lines up to $2.5-$3M available depending on business size and requirements.

Notable customers

11,000+ businesses across 100+ countries; 9,000+ sellers and buyers; US and Canadian SMBs (nearly $1B financed in North America); not disclosed individually.

Integrations

Electronic data integration for automated risk assessment; IFC, Barclays, East West Bank partnerships; domestic buyer supply chain networks.

Tech stack

Vue.js (JavaScript frameworks) Nuxt.js (JavaScript frameworks) Lodash (JavaScript libraries) core-js (JavaScript libraries) AOS (JavaScript libraries) WhatsApp Business Chat (live chat) Webpack Zoominfo (Analytics) Albacross (Analytics) Mixpanel (Analytics) Microsoft Clarity (Analytics) Linkedin Insight Tag (Analytics) Leadfeeder (Analytics) Google Call Conversion Tracking (Analytics) Google Analytics (Analytics) Facebook Pixel (Analytics) Sentry (Issue trackers) Font Awesome (Font scripts) Google Font API (Font scripts) Nginx (Reverse proxies) Node.js (Programming languages) Google Workspace (Email) Amazon S3 (CDN) Amazon Cloudfront (CDN) Reddit Ads (Advertising) Twitter Ads (Advertising) Microsoft Advertising (Advertising) Taboola (Advertising) Google Tag Manager (Tag managers) Amazon Web Services (PaaS) AWS Certificate Manager (SSL/TLS certificate authorities) chili piper (appointment scheduling)

Website

dripcapital.com/

Competitors

TradeShift

Broader supply chain finance platform with additional procurement and invoice management features; more focused on enterprise buyers.

Fintech Masala

India-focused trade finance alternative with different geographic emphasis; smaller scale operations.

Traditional Banks

Legacy institutions requiring collateral, extensive documentation, and lengthy approval processes; Drip offers collateral-free, instant approvals.

Why this matters: Drip Capital has achieved remarkable scale ($640M raised, $9B+ trade financed) by solving a massive, underfunded problem in emerging markets trade. The company's ability to secure funding from both venture (Accel, Sequoia) and institutional partners (Sumitomo Mitsui, IFC) signals strong market validation for fintech solutions in traditionally bank-dominated trade finance.

Best for: Exporters and importers in developing markets needing quick access to trade finance without collateral; supply chain buyers seeking supplier financing solutions; SMBs excluded from traditional banking.

Use cases

Export Receivables Financing

Indian exporters receive immediate payment after shipment without waiting 60-90 days for buyer payment, enabling working capital continuity. Drip's automated system evaluates shipment data and buyer creditworthiness in hours versus weeks for traditional banks.

Supplier Financing for Buyers

US-based manufacturers finance their supply chain by accelerating payments to domestic and international suppliers. Suppliers improve cash flow while buyers extend payment terms, reducing working capital strain across the supply chain.

Cross-Border Trade for SMBs

Small importers in Mexico or emerging markets access financing to purchase inventory from global suppliers without collateral or extensive documentation. Drip's credit lines enable businesses to scale trade volumes that traditional banks wouldn't fund.

Alternatives

Traditional Trade Finance (Banks) Requires collateral, lengthy underwriting, extensive documentation; slower approvals but potentially lower rates for established companies.

Supply Chain Finance Platforms Broader feature sets including procurement and invoice management; often higher fees and more complex implementations.

Peer-to-Peer Lending Platforms Consumer-focused lending alternatives; lack trade-specific expertise and risk assessment for international transactions.

FAQ

What does Drip Capital do? +

Drip Capital provides digital, collateral-free trade financing to exporters, importers, and supply chain participants globally. The platform uses automated risk assessment to extend credit lines up to $3M with instant approvals and minimal documentation, addressing the $1.7 trillion global trade finance gap left by traditional banks.

How much does Drip Capital cost? +

Supplier financing starts at 0.5% per month based on credit evaluation. Credit lines range from smaller amounts up to $2.5-$3M depending on business size and requirements. Exact pricing varies by customer segment and transaction type; contact for specific quotes.

What are alternatives to Drip Capital? +

Traditional bank trade finance (requires collateral but may offer lower rates), TradeShift (broader supply chain platform), and peer-to-peer lending platforms (less trade-specific). Each alternative trades off speed, cost, and feature breadth differently.

Who uses Drip Capital? +

Target customers include exporters and importers in developing markets, supply chain buyers financing suppliers, and SMBs excluded from traditional banking. The platform serves 11,000+ businesses across 100+ countries, with significant operations in India, Mexico, US, and Canada.

How does Drip Capital compare to traditional banks? +

Drip offers instant approvals versus weeks of underwriting, requires no collateral versus bank requirements, and uses automated data assessment versus extensive documentation. Traditional banks may offer slightly lower rates for established companies but lack the speed and accessibility for emerging market SMBs.