You will not face a problem in receiving your electronic bank realisation certificate (eBRC). The transfer of foreign exchange by a foreign factoring company to an Indian exporter is permitted under FEMA. Prior to furnishing your eBRC, your bank may require a copy of the factoring agreement that you have entered into with Drip Capital.
Please note that when we make a remittance into your account, we also furnish a SWIFT message that includes details of the invoice number and shipping bill number against which the payment is being made. This will facilitate the issue of your eBRC.
Additionally, we have a tie-up with Axis Bank. This partnership can ensure that you receive your eBRC well in time.