A Trade relationship between new companies can be a risky endeavour. One on hand, the buyer is unsure of receiving the goods on time and on the other hand the seller is unsure of payments. Moreover, both the parties would want to retain liquidity by deferring payments or demanding early payments to ensure a healthy cash flow position. This dynamic can often act as a deterrence to international trade. Precisely to counter this, new age fintech companies like Drip Capital have come up with technology enabled trade financing products to conduct due diligence and ensure that all the parties enjoy a healthy cash flow position. Please feel free to schedule a phone call with our finane consultants to explore our supply chain and invoice financing products
At Drip Capital, we've worked export-import companies for more than half a decade. We understand the business sensitivities of small, medium and large sized firms in the United States. This is precisely why all our trade finance programs are designed for quick disbursements, higher credit limits and interest rates that are commensurate with the risks
Buyers & Suppliers
We were able to accept more orders from existing customers and also started working with some of the popular retail chains. This meant that we had to keep our cash flow healthier than ever to fulfil this increase in demand. It's a nice problem to have as a growing business and it helps when you have a partner like Drip.
Using our bank lines to pay suppliers while cargo is still on water didn't fit very well with our working capital cycle, and we wish we would've known about Drip earlier. They have been really supportive in our growth and are helping us scale faster through both inventory and supply chain finance.
Drip's credit line and financing process is transparent and works perfectly with our current bank. Thanks to them we are now able to purchase best quality products from reputed suppliers at attractive prices by paying upon shipment. I can now say that we're maximising our cash-conversion cycle in true sense.