A partnership such as this will help cash-crunched SMEs avail fast and easy access to trade financing
Drip Capital partners with CARGOES Finance by DP World to aid SMEs
Drip Capital, Inc., a leading cross-border digital trade finance platform, today announced a collaboration with CARGOES Finance By DP World, a platform that enables rapid and seamless access to working capital for emerging-market small and medium-sized enterprises (SMEs). SMEs are one of the most 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.