BankingBusiness

Drip Capital: Raises $175m

Drip Capital: Raises $175m

  • Drip Capital is an age-old paper-based industry dominated by banks that focus on large established corporate customers
  • Announces that it has raised $175 million in fresh capital to power its next phase of growth
  • Funds raised include a $40 million Series C investment and $135 million in warehouse debt facilities
  • To date, with this fundraise, Company has raised about $525 million in equity and debt funding
  • The new capital also includes a $100 million warehouse credit facility with Barclays Investment Bank (Barclays)
  • Founded in 2016, the company aims to solve the $3 trillion global trade finance gap
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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