The company was founded in November 2014 by Wharton School alumni Pushkar Mukewar and Neil Kothari. Drip Capital is a digital trade fintech firm focused on the $5 trillion global SME cross-border trade industry. The firm partners with over 9,000 sellers and buyers across 100+ countries and has financed more than $6 billion in trade transactions.

Drip Capital, a digital platform for trade finance, has raised $113 million in a mix of debt and equity funding. The latest investment includes $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing, led by the International Finance Corporation (IFC) and East West Bank. As a strategic financial partner, Drip Capital enables SMBs to manage their cash flows and working capital effectively, driving sustainable business growth. "In 2022 and 2023, the global trade sector faced significant challenges, including rising interest rates that squeezed margins and restricted capital access for SMBs. Despite these challenges, Drip has emerged as the preferred trade finance platform for SMBs in the US and India," said Pushkar Mukewar, Co-founder and CEO of Drip Capital. "We've achieved cash profitability and expanded our business during this period. We are excited to welcome our new investors, and alongside our existing investors and debt partners, are ready to drive our next phase of growth," Mukewar added. Drip claims to have witnessed quadrupled its revenue and doubling its customer base in the past two years. The company has expanded its services for SMBs by integrating forex and risk analytics solutions with its core trade financing products. With the new round of funding, it will focus on expediting market expansion and supporting the development of new products tailored to customer needs. Notably, Drip has been utilizing advanced AI technologies to enable efficient credit risk assessment, streamline operations, and enhance customer experiences. "Having financed over $6 billion in trade in the past eight years, we have successfully scaled our capital providers. We are thrilled to welcome additional capital from East West Bank and the IFC, the world's largest development finance institution," said Karl Boog, Drip Capital's Chief Business Officer. Karl Boog continued: "For our North American business, we have financed nearly $1 billion for US and Canadian SMBs over the past few years. Our unique Payable Finance offering allows our customers to pay their suppliers' invoices and extend payment terms up to 120 days," Boog added.