Drip capital partners SBM Bank India on Trade Finance

“By collaborating with SBM Bank India, we plan to give collateral free working capital to MSME exporters through our invoice discounting facility. This association is an example of how fintech organizations are eager to collaborate with banks and other financial organizations to develop altogether by using technology to its very core,” said Pushkar Mukewar, co-founder and CEO, Drip Capital. Under to this partnership, micro, small and medium enterprises (MSME) exporters will actually want to avail collateral free funding at competitive rates, it said.

Neeraj Sinha, head of retail and consumer banking at SBM Bank India, said, with India being quickly climbing onto the map of the worldwide supply chain, the MSME area is set to assume a significant part in the coming years.

Dribble Capital is a worldwide financial technology organization upheld by Accel, Sequoia, Wing VC, and Y-Combinator and offers trade financing solutions for take care of working capital issues among small and medium-sized organizations in emerging markets like India and Mexico and developed markets like the US.