Drip Capital Exceeds $9 Billion in Trade Transactions Amid SMB Challenges in Global Supply Chains
Drip Capital has surpassed $9 billion in trade finance transactions since its founding in 2016, driven by the evolving needs of small and mid-market businesses navigating complex global supply chains. The company aims to reach $11 billion in cumulative transactions by 2027, with the U.S. market playing a key role in its growth. SMBs are facing tighter credit conditions and supply chain uncertainties, prompting increased reliance on alternative financing solutions like Drip Capital's collateral-free products.
Topics: business growth cross-border trade financial technology small and mid-market businesses trade finance