PALO ALTO, Calif., Sept. 11, 2020 /PRNewswire/ — Drip Capital Inc., a worldwide commerce finance firm, is known as to the Fintech 250 – a CB Insights listing of fintech firms utilizing know-how to remodel monetary providers.
The CB Insights Intelligence Unit chosen the businesses from a pool of 16,000 firms, which included candidates and nominees. Began in 2017, that is the third version of the Fintech 250 listing. The businesses have been shortlisted based mostly on elements corresponding to information submitted by the businesses, firm enterprise models and momentum out there, and Mosaic scores – a CB Insights proprietary algorithm that measures the general well being and development potential of personal firms.
Drip Capital is likely one of the 5 fintech start-ups working within the digital enterprise finance area talked about within the listing. Commenting on the replace, Pushkar Mukewar, Co-Founder and Co-CEO, Drip Capital mentioned, “Now we have enabled commerce worth US $1billion and are working with over 1500+ exporters and importers internationally. Recognitions such because the CB Perception Fintech 250 listing conjures up Drip to proceed to work onerous to bridge the commerce finance hole for small and medium companies (SMBs).”
Drip Capital offers commerce financing options corresponding to export financing in growing markets like India and Mexico. It additionally extends stock financing and supply-chain financing options to importers in developed markets just like the US.
About Drip Capital
Based by Pushkar Mukewar and Neil Kothari, Drip Capital Inc. is a worldwide monetary know-how firm. It’s backed by Accel, Sequoia, Wing VC, and Y-Combinator.
Drip provides distinctive and progressive commerce financing options to resolve working capital issues amongst small and medium-sized merchants in rising markets like India and Mexico and developed markets just like the US. The financing options are collateral-free and supplied via a very digital course of. To use for Drip’s providing, full a fast on-line utility with minimal paperwork. The corporate makes use of digital information and an automatic threat evaluation platform, thereby guaranteeing a fast turnaround.
Drip Capital was named to the 2020 CB Insights Fintech 250 Record. Learn extra concerning the firm right here: www.dripcapital.com
SOURCE Drip Capital Inc.