Selling goods in the international market opens up a great set of opportunities for exporters. But the biggest challenge most exporters face are long payment cycles from buyers. While large and established businesses face few challenges in accessing funds from banks, small and medium enterprises have difficulty accessing working capital. Banks (and other similar institutions) require SMEs to periodically submit proofs of hard collateral and organised financial statements, which many lack. For an SME exporter to grow, access to a steady flow of working capital is essential at every stage in business, from procurement of raw materials to produce the goods to shipping the finished products to an importer overseas. Drip Capital’s Export Finance solution helps bridge this credit gap between small and large enterprises by making it easier for an SME to gain access to export finance without the need of any hard collateral or business financials. Our invoice factoring service is tailormade for SMEs to inject additional working capital into their business and finance future export orders. At the click of a button, you can submit invoices online, get upto 80% of the invoice value, and leave the collection of invoices to Drip Capital.
Have you extended a credit period to your foreign buyers? Do you often wait for buyer payments? Is your bank’s restricted credit facility limiting the growth of your export business? Do you want a financial solution that is fast, paperless, reliable, transparent and collateral-free? If you have answered yes to any of the above questions, you need export finance to get that competitive advantage. Here’s how our solution can help you grow your business.
$5 Billion+
Trade Financed
6,000
Buyers & Suppliers
100+
Countries
100,000
Cross-Border Transactions