Digital trade finance and B2B e-commerce platform Drip Capital has raised $50 million in committed credit facility from Toronto-Dominion (TD) Bank, with an additional $25 million accordion feature available.

This marks the company’s first partnership with TD Bank and takes its total debt funding past the $500 million mark. The company’s debt partners include marquee names like Barclays, the World Bank’s International Finance Corporation, and East West Bank.

The facility will support Drip Capital’s ‘Buyer Finance’ programme across North America while strengthening its position in cross-border SMB financing globally, the company said.

“This partnership with TD Bank reinforces global confidence in Drip Capital’s business model and the strength of Indian fintech on the world stage,” said

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