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Drip Capital collaborates with CARGOES Finance to help SMEs
February 24, 2022
Cross-border digital trade finance platform, Drip Capital announced a joint effort with CARGOES Finance By DP World, a platform that enables consistent access to working capital for emerging market small and medium-sized enterprises (SMEs).
SMEs are one of the integral components of the worldwide production network however regularly face a functioning capital crunch to facilitate their cross-border transactions. Additionally, the Covid-19 prompted supply chain disruptions, the resulting hardware shortage, soaring raw material costs, to give some examples, have added to the woes of this sector, forcing SMEs to scout for alternate lending services.
Dribble Capital offers collateral-free financing solutions for SMEs occupied with cross-border transactions, in this way permitting them to deal with their income better and invest in business growth. The fintech firm works together with industry enablers across the value chain for making worldwide trade seamless for SMEs.
DP World’s CARGOES Finance Platform works with lender-borrower interactions and arranges credit solutions from financial institutions around the world. An association, for example, will help cash-crunched SMEs avail access to trade financing by connecting them to Drip.
Important Links:
- 4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://tscfm.org/courses/4-in-1-professional-diploma-in-banking-financial-services-insurance-pdbfsi/