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FinTecBuzz

DriveWealth Hires Venu Palaparthi as Chief Operating Officer

DriveWealth Hires Venu Palaparthi as Chief Operating Officer

September 6, 20246 min

Drip Capital, a leading digital platform for trade finance, has secured $113 million in new funding. This includes $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing, led by the International Finance Corporation (IFC) and East West Bank. Drip has seen remarkable growth, quadrupling its revenue and doubling its customer base in the past two years. The company has expanded its services for SMBs by integrating forex and risk...

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