INSUBCONTINENT EXCLUSIVE:
Drip Capital is raising a $20 million funding round from Accel, Wing VC and Sequoia India
The company is helping small exporters in emerging markets access working capital in order to finance big orders.The startup also
participated in Y Combinator back in 2015
Even if you found a client in the United States or Europe, chances are companies will end up paying for your order a month or two after
You know where to source your products and how to ship many goods
But you still need to buy goods yourself.And in many emerging markets, you have to pay right away
It creates a sort of capital gap.At the same time, local banks are often too slow and reject too many credit applications
because it meets many of the criteria I listed
This could be particularly useful for small and medium businesses
After signing up to the platform, you can submit invoices and open a credit line to finance your next orders
only platform that helps you get paid faster
But larger companies tend to do it all and optimize the supply chain for the biggest companies in the world
