Former Wharton roommates Pushkar Mukewar WG11 and Neil Kothari WG11 founded trade-finance firm Drip Capital to give small and midsize exporters in developing markets better access to much-needed debt financing. Access to working capital has long been a problem for exporters, since many buyers pay them for orders well after they’re signed — but exporters need the money up front for the assignments. They also typically have trouble working with banks, which are often hesitant to dole out capital to smaller exporters.
That’s where Drip comes in, providing an essential resource that otherwise wouldn’t be available to many of the more than 400 exporters across 70-plus cities who have partnered with the company.
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