Federation of Indian Export Organizations FIEOÂ in associationÂ withÂ Â Trade finance firm Drip Capital had organized a seminar on ‘interactive sessions on export factoring: Easy access to unsecured financeÂ for SME exporters’ recently. Presented by Pushkar Mukewar, co-founder of Drip Capital, the event saw the presence of Akshay Shah, management Executive, FIEO (WR) and SME Exporters.
Mukewar said, “There are moreÂ than 900 small and medium industrial units in and around Nagpur.Â However, many of these SMEs face severe issues in managing their working capital because of lack of adequate options. In order to solve this problem, Drip Capital provides collateral-free post- shipment finance to IndianÂ exporters with instant approvals and minimal documentation.”
Drip capital is a US-based trade financeÂ firm founded in 2014 by Pushkar Mukewar and Neil Kothari to solve the financingÂ problems faced by MSME exporters in IndiaÂ and abroad.