How Drip Capital Went from Zero to $1B | by Garry Tan | Initialized Capital | Medium
Drip Capital started as two people with an idea in 2015. Today, they have over 138 employees, have raised more than $45M, and will do more than $1 billion in trade volume since inception by the end… Software is coming to revolutionize global trade financeDrip Capital started as two people with an idea in 2015. Today, they have over 138 employees, have raised more than $45M, and will do more than $1 billion in trade volume since inception by the end of 2020. They have over 2,000 importers and exporters on the platform and have built an enduring fintech startup.We finance trade between exporters and importers in different countries. We focus on small and midsize businesses in emerging markets that typically don’t have access to working capital. I think back across the journey and, you know, Garry you were obviously our group partner at Y Combinator.And these medium sized businesses actually have some decent scale, but and the banks should lend to them, but those banks are mainly focused on compliance perhaps or, and definitely not innovation. So (laughs) they just don’t do it, and as a result, these businesses don’t have access to capital.