Digital trade finance and B2B e-commerce platform Drip Capital has secured a $50 million committed credit facility from Toronto-Dominion (TD) Bank, with an additional $25 million accordion feature available. This marks Drip’s first partnership with TD Bank and pushes its total debt funding beyond $500 million.
The company’s existing debt partners include Barclays, the World Bank’s International Finance Corporation (IFC), and East West Bank.
According to Drip Capital, the fresh credit line will support its ‘Buyer Finance’ programme across North America and further strengthen its global position in cross-border SMB financing.
“This partnership with TD Bank reinforces global confidence in Drip Capital’s business model and the strength of Indian fintech on the world stage,” said Pushkar Mukewar, Founder and CEO of Drip Capital.
The fintech firm has so far raised nearly $120 million in equity from investors such as Accel Partners, Peak XV Partners (formerly Sequoia Capital India), Y Combinator, and Sumitomo Mitsui Banking Corp. While the company has no immediate plans for new equity fundraising, it expects to raise additional debt next year as operations expand.
Since inception, Drip Capital claims to have financed over $8 billion in trade transactions for more than 11,000 businesses across 100+ countries. The company currently operates at an annual run rate of $2.5 billion, with India contributing around 50–60% of its total volume. It has also been profitable for over 18 months, recording 20% topline growth in FY25 and projecting 25% growth for FY26.
Founded in 2016, Drip Capital primarily serves importers and exporters in India, the U.S., and Mexico. Its flagship offering — non-recourse receivables factoring — enables exporters to receive immediate payment for shipments, while Drip assumes the buyer default risk.
The company said it remains focused on its core markets but is also increasing its exposure to India-to-non-U.S. trade routes to navigate changing global tariff dynamics.
