Drip Capital raises $50 million debt funding from Toronto-Dominion Bank
30 Oct 2025, 10:54 AMThe company will use the fresh capital to scale up its trade finance platform and its volume.
Team Head&Tale
Share the story on
Drip Capital has raised $50 million in a debt funding round led by Canada-based Toronto-Dominion Bank.
The deal will also have an additional $25 million accordion feature, which means that Drip Capital will be able to extend its credit line by an additional $25 million without negotiating a new agreement.
The company will use the fresh capital to scale up its trade finance platform and its volume.
The startup was founded by Pushkar Mukewar and Neil Kothari in 2015. Mukewar's background includes experience in investment banking and private equity, while Kothari brings expertise in technology and software engineering.
Drip Capital offers trade financing solutions to small and medium business (SMB) clients in India, the US and Mexico. The company provides working capital to small businesses involved in international trade, predominantly focusing on cross-border engagements across sectors such as agro-commodities, processed food, textiles, industrial goods, and engineering goods.
Drip Capital last raised $113 million in a mix of debt and equity in September 2024. In total, the trade financing platform has so far raised more than $500 million in debt from marquee names such as Barclays, International Finance Corporation (IFC), and East West Bank, among others.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
Related News