Drip Capital Secures US$50 Million from TD Bank to Expand SMB Trade Finance Globally

Drip Capital, a digital trade finance and B2B e-commerce company, has secured a US$50 million committed credit facility with an additional $25 million accordion feature from Toronto-Dominion Bank (TD Bank), one of the top ten banks in North America.

The partnership marks Drip Capital’s first engagement with TD Bank. The facility will support the company’s Buyer Finance programme across North America while reinforcing its leadership in cross-border SMB financing globally. With this round, Drip Capital’s total debt funding raised to date exceeds US$500 million, supported by global financial partners including Barclays, the World Bank’s International Finance Corporation (IFC), and East West Bank.

India’s small and mid-sized businesses (SMBs) power nearly 40% of the nation’s exports, yet many still face cash flow gaps and limited access to formal credit. Drip Capital bridges this gap by giving exporters instant access to working capital through its non-recourse receivables factoring solution, where they’re paid upfront for their overseas shipments by Drip Capital, which, instead of the exporter, takes on the risk of payments from the overseas buyers. This approach allows SMBs to grow their business confidently without tying up collateral or worrying about buyer defaults.

Since its inception in 2016, Drip Capital has financed over US$8 billion in trade transactions for more than 11,000 firms across 100+ countries, including thousands of Indian exporters in sectors such as agro commodities, textiles, chemicals, and engineering goods. In FY24–25 alone, the company disbursed over US$2 billion, with India continuing to be one of its largest and fastest-growing markets.

“This partnership with TD Bank reinforces global confidence in Drip Capital’s business model and the strength of Indian fintech on the world stage,” said Pushkar Mukewar, Founder and CEO, Drip Capital. “Our mission is simple: to make global trade more accessible for small businesses. Whether in India, or outside, SMBs need reliable financing and trusted trade partners to compete. This facility allows us to extend that support at scale.”

“Every company can benefit from having a collateral-free, flexible credit line to procure goods and services and manage working capital better. Despite our rapid growth, we’ve only scratched the surface. Drip Capital is quietly financing the supply chains behind millions of purchases across the globe,” Mukewar added.

About TD Bank Group:

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in North America by assets and serves over 27.9 million customers in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; U.S. Retail, including TD Bank, America's Most Convenient Bank®, TD Auto Finance U.S., and TD Wealth (U.S.); Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing, and TD Insurance; and Wholesale Banking, including TD Securities and TD Cowen.

TD also ranks among the world's leading online financial services firms, with more than 18 million active online and mobile customers. TD had $2.1 trillion in assets on April 30, 2025. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.