Drip Capital To Provide Blockchain-Enabled Financing Solutions With TradeLens

As per the latest news, an association with TradeLens, a blockchain-enabled digital platform has been declared by Drip Capital with an agenda to provide a simpler credit facility for small & medium-sized businesses (SMBs) globally.

Global trade is crucial to strengthen a country’s economy. However, in the present times, it continues to operate with time-consuming & inefficient paper-based processes. Even most of the cross-border documents take place physically, leading to a delayed transaction by weeks. This absence or lack of digitization in maintaining records causes limited access to formal finance for SMBs, prohibiting their development possibilities. 


Drip Capital is encouraging the SMEs engaged in cross-border trade to survive in the market by offering them collateral-free financing. The company ties up with operators across the global supply chain to simplify the access to finance for SMBs and focuses on creating a trade facilitation platform to assist them to ease their problem areas.

Originally Posted:  https://www.prnewsdistribution.co.uk/drip-capital-to-provide-blockchain-enabled-financing-solutions-with-tradelens

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