Drip Capital, Inc., a leading cross-border digital trade finance platform, today announced a collaboration with CARGOES Finance By DP World, a platform that enables rapid and seamless access to working capital for emerging-market small and medium-sized enterprises (SMEs).
SMEs are one of the most integral components of the global supply chain but often face a working capital crunch to facilitate their cross-border transactions. Moreover, the Covid-19 induced supply chain disruptions, the resulting equipment shortage, soaring raw material costs, to name a few, have added to the woes of this sector, forcing SMEs to scout for alternate lending services.
Drip Capital offers collateral-free financing solutions for SMEs engaged in cross-border trade, thereby allowing them to manage their cash flow better and invest in business growth. The fintech firm collaborates with crucial global industry enablers across the value chain for making international trade seamless for SMEs.
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