GMO and SMBC led a $23m funding round in Drip Capital.

Japanese investors GMO and SMBC led a $23m funding round in Drip Capital, a digital platform for trade finance. "In 2022 and 2023, the global trade sector faced significant challenges, including rising interest rates that squeezed margins and restricted capital access for SMBs. Despite these challenges, Drip has emerged as the preferred trade finance platform for SMBs in the US and India," Pushkar Mukewar, Drip Capital Co-founder and CEO.