Drip Capital collaborates with SBM Bank India to empower MSME Exporters
- The partnership would expand the suite of Trade Finance Solutions
- Now, MSME exporters can unlock capital at affordable costs through their receivables
Drip Capital, a leading fintech provider of cross-border trade finance, announced its collaboration with SBM Bank India to offer trade financing solutions – customized for small and medium-sized exporters in India. Owing to this partnership, MSME exporters will be able to avail collateral-free working capital at competitive rates.
Commenting on the collaboration, Pushkar Mukewar, co-founder and CEO, Drip Capital, said, “By partnering with SBM Bank India, we aim to provide collateral-free working capital to MSME exporters through our invoice discounting facility. This association is an example of how fintech companies are eager to partner with banks and other financial institutions to grow collectively by using technology to its very core.”
![]() |
Empowering MSME Exporters With SBM Bank |
Drip Capital is a market leader in the global trade finance space. Unlike traditional financial institutions, the fintech company leverages data analytics and technology to underwrite its transactions, allowing it to scale rapidly and provide a seamless financing experience to small businesses.
In the past, Drip Capital has partnered with several local and international banks to offer its financing solutions to SMEs in developing markets like India and Mexico as well as the US. Since its inception in 2016, the company has worked with over 1,500 sellers and buyers spread across 80+ countries. Recently, the fintech firm has financed over US $1bn in cross-border transactions.
Comments
Post a Comment