Drip Capital Secures US$50 Million Credit Facility from TD Bank to Accelerate North American Expansion

Drip Capital, a global digital trade finance and B2B e-commerce company, has secured a US$50 million committed credit facility from Toronto-Dominion Bank (TD Bank), with the potential to expand by an additional $25 million. With more than US$1.5 trillion in assets, TD Bank is one of the top ten banks in North America. This marks Drip Capital’s first partnership with the bank and will support the fintech’s growing Buyer Finance program in the U.S. and Canada.

The facility enables Drip Capital to expand collateral-free working capital lines of up to US$5 million for small and mid-sized businesses (SMBs). Through Buyer Finance, Drip Capital pays suppliers directly for goods and services on behalf of its clients, who then have up to 120 days to repay. This structure helps SMBs manage cash flow, extend payment cycles, and strengthen supplier relationships without using existing bank lines or pledging collateral.

“This fundraise reflects Drip Capital’s strong performance and the growth potential in North America,” said Pushkar Mukewar, Founder and CEO of Drip Capital. “Our partnership with TD Bank will help us scale Buyer Finance across one of the world’s largest trade and consumption markets. For SMBs navigating shifting supply chains, tariffs, and rising costs, access to fast and flexible capital isn’t optional, it’s essential.”

According to the U.S. Small Business Administration, there are 34.8 million small businesses in the U.S., representing 99 percent of all firms and nearly half of the workforce. Yet many remain underserved by traditional banks unwilling to extend unsecured credit. Globally, the International Chamber of Commerce and Asian Development Bank estimate a US$2 trillion trade finance gap, disproportionately affecting SMBs. “Our solutions are designed for exactly this segment,” said Karl Boog, Chief Business Officer at Drip Capital.

“Every company’s finance team can benefit from having a collateral-free, flexible credit line to procure goods and services. Despite our rapid growth, we’ve only scratched the surface. Drip Capital is quietly financing the supply chains behind millions of purchases in North America,” he added.

TD Bank joins Drip Capital’s roster of global lending partners, including Barclays, the World Bank’s International Finance Corporation, East West Bank, and several non-bank lenders.

Commenting on Drip Capital’s broader position, Mukewar said, “Securing competitive capital from global banks is central to growth in the trade finance space. Our disciplined credit underwriting, customer focus, and tech-first approach have helped Drip grow profitably, even amid macroeconomic headwinds. This has strengthened institutional confidence in our platform.”

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.

For any inquiries, please contact: info@dripcapital.com