Drip Capital's revenue increased by 75%
This follows from the company's financial report for 2022, which we received (the report is available to the fund's clients on NDA terms). The company has also increased its balance sheet.
Despite the crisis, Drip has improved its financial performance and expanded its business and staff. The company has over 300 employees in three countries (India, the USA, and Mexico) and serves more than 6 thousand businesses from 100+ countries. The company plans to expand in South America, Asia, and Canada in the coming years.
Drip specializes in online factoring for small and medium-sized enterprises in international trade. Investors include Y Combinator, Accel Capital, and Sequoia Capital India.
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