Drip Capital secures $50m to boost trade finance

By Vriti Gothi

Drip Capital, a digital trade finance and B2B eCommerce platform, has secured $50 million credit facility with an additional $25 million accordion feature from Toronto-Dominion Bank (TD Bank).

The partnership marks Drip Capital’s first collaboration with TD Bank and represents a significant milestone in strengthening the company’s Buyer Finance programme across North America. The facility will further enhance Drip Capital’s global trade finance infrastructure, designed to empower small and mid-sized businesses (SMBs) to access working capital efficiently and expand their international reach.

With this latest funding round, Drip Capital’s total debt raised exceeds $500 million, backed by prominent global financial partners including Barclays, the World Bank’s International Finance Corporation (IFC), and East West Bank.

India’s SMBs contribute nearly 40% of the country’s total exports yet often face persistent barriers to credit and liquidity. Drip Capital addresses these challenges through its technology-driven, non-recourse receivables factoring model, which enables exporters to receive upfront payments for overseas shipments. By assuming the payment risk from international buyers, Drip Capital ensures that businesses can expand their trade volumes without pledging collateral or worrying about delayed settlements.

Since its inception in 2016, Drip Capital has financed over $8 billion in trade transactions, supporting more than 11,000 firms across 100+ countries. The company has been instrumental in driving export growth across key Indian sectors such as agro-commodities, textiles, chemicals, and engineering goods. In FY24–25 alone, Drip Capital disbursed over $2 billion, with India continuing to be among its largest and fastest-growing markets.

“This partnership with TD Bank reinforces global confidence in Drip Capital’s business model and the strength of Indian FinTech on the world stage,” said Pushkar Mukewar, Founder and CEO, Drip Capital. “Our mission is simple: to make global trade more accessible for small businesses. Whether in India or abroad, SMBs need reliable financing and trusted trade partners to compete. This facility allows us to extend that support at scale.”

This strategic funding from TD Bank positions Drip Capital to accelerate its next phase of growth in trade finance innovation. By combining deep market expertise with advanced technology, the company continues to shape the future of cross-border commerce, unlocking new opportunities for SMBs to thrive in a more connected, inclusive, and resilient global economy.