In cross-border trade transactions, it is a common occurrence that the foreign buyer demands certain credit period, while it is in the best interest of the exporter that the buyer makes the payment upfront. There is also a general lack of faith in this form of trade as it involves two entities from different geographies. Trade Finance takes care of both these issues, it assists the exporters with financing so that they can agree to the foreign buyer’s credit terms, and it also mitigates the risk involved as both buyer and seller have some certainty about their transaction. Drip Capital is a Trade Finance Company providing Post Shipment Trade Finance wherein once an exporter has shipped his goods, he can submit his invoice to Drip and 80% of the invoice value will be funded within 24 hours. The remaining 20% will be funded once Drip receives the export proceeds from the Foreign Buyer after debiting processing and interest charges. Drip Capital provides unsecured trade finance which does not require any hard collateral and an online portal where exporters can upload their invoices and get their invoices financed quickly, without any hassle of paperwork.
If as an exporter you are facing a cash crunch in your business which in turn does not allow you to process new export orders, you are unable to secure additional funds from your bank because they are demanding collateral or organized financial statements, your buyers can’t be persuaded to pay in advance and you have to offer flexible payment terms to keep them convinced, then your business will benefit from Drip Capital's Trade Finance.
Drip Capital is among the leading fintech startups oferring financing services for domestic and international trade with a network of suppliers and buyers across 100+ countries.
Our leading trade finance offerring in India, is our factoring solutions services that has helped more than 300+ exporters scale their businesses rapidly across borders.
Please get in touch with our sales agent to know more.
$5 Billion+
Trade Financed
6,000
Buyers & Suppliers
100+
Countries
100,000
Cross-Border Transactions