Drip Capital partners with CARGOES Finance to help SMEs
PALO ALTO/Mumbai: Cross-border digital trade finance platform, 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. announced a collaboration with CARGOES Finance By DP World, a platform that enables seamless access to working capital for emerging-market small and medium-sized enterprises (SMEs). SMEs are one of the 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 f...