Funds raised include a $40 million Series C equity investment and $135 million in warehouse debt facilities. To date Drip Capital has raised about $525 million in equity and debt funding. Founded in 2016, Drip Capital leverages machine learning and cloud technology to finance cross-border transactions, allowing SMBs to free up working capital and invest in growth. This strain is being felt most by SMBs who have never had easy access to capital," said Pushkar Mukewar, chief executive officer and co-founder of Drip Capital. Drip Capital will use the new funding to scale its business over the next 18 months.

Source: Mint October 28, 2021 22:27 UTC