Fintech startup Drip Capital raises $40m in Series C funding

Drip Capital Inc., a digital cross-border trade finance platform for small and medium businesses (SMBs), on Thursday said it has raised $175 million in fresh capital to power its next phase of growth. Funds raised include a $40 million Series C equity investment and $135 million in warehouse debt facilities. To date, Drip Capital has raised about $525 million in equity and debt funding.