Drip Capital Wins Best Use of Tech in Lending Award
, June 6, 2023:
Drip Capital, Inc., a global fintech company specializing in unsecured financing, is pleased to announce it has been honored with the 'Best Use of Tech in Lending' award at the recently concluded Banking Tech USA Awards 2023.
Founded in 2016, Drip Capital aims to simplify [trade finance for small and medium businesses (SMBs)](https://www.dripcapital.com/en-us/products/trade-finance) worldwide. The company leverages data-driven mechanisms to evaluate risks and finance transactions, allowing SMBs to unlock working capital and invest in business growth. The fintech firm has funded over USD 4+ billion worth of trade transactions spanning 100+ countries and currently works with 7000+ buyers and sellers.
Drip Capital was selected from hundreds of leading names in the banking and global financial services industries renowned for their impactful projects, innovative solutions, collaborative teams, etc. The event, held in New York on June 1, celebrated 40 winners and 23 highly commended entries across various categories, such as Best Tech Overhaul – Back Office, Best Embedded Finance System, Woman in Technology, Best Community Bank/Credit Union Modernization, and many more.
Pushkar Mukewar, Founder-CEO of Drip Capital, said, "A global recognition of such sorts will further help us push boundaries to empower SMBs, and bridge the trade finance gap."
