
Xflow integrates with Drip Capital to Transform Cross-Border Payments for Over 9,000 SMEs
PNN
Bengaluru (Karnataka) [India], May 14: Xflow, a leading cross-border payments platform, has partnered with Drip Capital, a fintech specializing in trade finance solutions, to optimize international transactions for businesses. This collaboration empowers Drip's users by offering them a seamless and cost-effective cross-border payments solution, significantly reducing transaction fees and improving operational efficiency.
Drip Capital, which has facilitated trade finance solutions worth $8+ billion USD, has been instrumental in enabling businesses to access working capital with ease. By integrating with Xflow, Drip Capital is now providing its clients with a streamlined approach to international payments, eliminating inefficiencies tied to traditional banking systems and offering greater transparency in global transactions.
"Partnering with Drip Capital has been a fantastic opportunity to extend our seamless cross-border payment solutions to global trade businesses," said Anand Balaji, Co-Founder & CEO of Xflow. "By integrating with Drip Capital, we're enabling exporters and businesses to save on transaction costs, streamline global payment processes, and strengthen their financial efficiency. At Xflow, our platform is designed for easy integrations, allowing us to collaborate with fintech leaders and ensure a frictionless experience for their users."
Despite the increasing need for faster and more cost-effective cross-border payments, many companies still rely on outdated banking infrastructures that lack transparency and real-time processing capabilities. As a result, businesses face not only financial losses but also operational inefficiencies that hinder their ability to scale effectively in the international market.
"Xflow's cutting-edge technology has been a game-changer for our clientele," said Pushkar Mukewar, Co-Founder & CEO of Drip Capital. "Before integrating Xflow's solutions, businesses struggled with slow international payments and high transaction costs. With Xflow, we've been able to offer an effortless, transparent, and cost-efficient payment experience. SMBs associated with us have saved up to 20% in transaction fees, significantly improving their bottom line."
About Xflow
Xflow - a leading fintech offering cross-border payments for SMEs (ITES & Funded Startups). Designed to eliminate inefficiencies in international transactions, Xflow offers a seamless, transparent, and fully compliant payment experience for businesses of all sizes - from freelancers and startups to large-scale enterprises. The company is currently servicing more than 7000 businesses & has processed hundreds of millions.
Founded by Anand Balaji, Ashwin Bhatnagar and Abhijit Chandrasekaran, Xflow simplifies global money movement with innovative solutions that ensure effortless international transactions, efficient currency conversion, instant settlements, and full regulatory compliance. Headquartered in Bangalore, India, Xflow is backed by Lightspeed, General Catalyst, and Stripe, providing a strong financial foundation for long-term innovation.
About Drip Capital
Drip Capital is a leading fintech company specializing in trade finance solutions, helping SMEs unlock working capital for global trade. By leveraging data and technology, Drip Capital offers flexible and collateral-free financing options, ensuring importers and exporters have the liquidity needed to scale their businesses. Headquartered in Palo Alto, California, with offices in India and Mexico, Drip Capital has provided billions in trade finance solutions, empowering businesses to thrive in the competitive global market.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
an hour ago
- Business Standard
Air India crash: What families of victims can expect in compensation
Following the tragic crash of a London-bound Air India Dreamliner shortly after takeoff from Ahmedabad International Airport, attention has turned to the financial and legal compensation available to the families of the 242 passengers and crew on board. Experts say compensation will be governed by the Montreal Convention of 1999, an international treaty to which India is a signatory. According to Hitesh Girotra, Vice President (Aviation & Specialty Lines) at Prudent Insurance Brokers, compensation will be calculated under the Montreal Convention, which standardizes airline liability across international borders. India signed the treaty in 2009, making it applicable to this incident involving both Indian and foreign nationals. Passenger Compensation: Governed by the Montreal Convention (1999) India is a signatory to the Montreal Convention, a global treaty that standardizes rules on airline liability for passenger injury or death. This treaty applies when: The airline's home country (India, in this case) and the passenger's nationality are parties to the convention. The flight is international, which includes flights like Ahmedabad to London. How much compensation is guaranteed? As per the Montreal Convention, the airline is liable for damages up to 128,821 Special Drawing Rights (SDRs) per passenger regardless of fault. As of October 2024, 1 SDR = approx USD 1.33, so: 128,821 SDR ≈ USD 171,341 per passenger (minimum). Compensation applies regardless of the airline's fault up to this threshold. Airlines may be liable for additional compensation if negligence is proven. "Compensation is calculated using Special Drawing Rights (SDRs), which stood at 128,821 SDRs (approximately USD 1.33 per SDR) as of October 2024. The actual payout will depend on the coverage purchased by Air India," Agarwal told PTI. Nationality matters: Compensation can vary slightly depending on passenger nationality due to how the treaty applies in cross-border cases. The nationality of passengers—169 Indians, 53 British, 7 Portuguese, and 1 Canadian—determines precise entitlement. This suggests each family could receive at least ₹1.5 crore, with interim compensation already in planning. Tata Group has announced an initial ₹1 crore per victim as immediate relief. What is SDR (Special Drawing Rights)? SDR is a currency-like reserve asset defined by the International Monetary Fund (IMF), based on a basket of currencies including the USD, Euro, Yen, Pound, and Yuan. It's used to standardize international payouts. Aircraft Insurance: Hull & Liability There are two parts to aviation insurance: 1. Hull All-Risk Insurance Covers damage to the aircraft itself, whether partial or total. The crashed Dreamliner (VT-ABN) was a 2013 model, insured at approx $ 115 million in 2021. This includes the aircraft, spares, and onboard equipment. As far as aircraft damage is concerned, Agarwal said, it would be covered under the aviation hull all-risk section, which insures the current valuation of the aircraft, including spares and equipment. For a Dreamliner, depending on its configuration, age, and other factors, this value can range between USD 211 million and USD 280 million, he said. "The aircraft involved (VT-ABN) was a 2013 model and, based on available information, was insured for approximately USD 115 million in 2021. Whether the damage is partial or total, the loss would be covered based on the value declared by the airline," he said. 2. Liability Insurance (Passenger + Third Party) Covers compensation to passengers, third parties on the ground, and property damage. This insurance is purchased as a fleet policy, covering all aircraft operated by the airline. Who pays for this? (Reinsurance Model) No single insurer takes the entire financial burden. Instead, the policy is reinsured across global markets (e.g., London, New York). One major reinsurer (the "lead") takes 10–15% of the risk. Others share 1.5–2% each. The financial impact is distributed globally, reducing exposure for any one insurer. According to Narendra Bharindwal, president, Insurance Brokers Association of India (IBAI), aviation insurance programmes for major airlines such as Air India are arranged on a fleet basis and reinsured across international markets like London and New York. "No single insurer bears the entire risk -- coverage is widely distributed among global reinsurers, with shares as small as 1.5 per cent to 2 per cent and a lead reinsurer typically taking 10-15 per cent. The financial impact of such incidents is shared globally across this network," Bharindwal said. It is too early to ascertain the overall liability (passengers and third party) on the operator because of this crash. Interim and Final Payouts While interim compensation may be announced by Air India shortly, final settlement amounts will be based on the Montreal Convention. "This ensures global standards of accountability and fairness," said Amit Agarwal, MD and CEO of brokerage firm Howden India. He noted that Air India's insurance coverage will significantly influence the final payout amount. The airline has reportedly insured the crashed Boeing 787 (registration VT-ABN), a 2013 model, for approximately USD 115 million under aviation hull insurance as of 2021. The combined value of aircraft damage, passenger liability, and third-party claims could easily exceed ₹1,000 crore, industry estimates suggest. This is higher than the total annual aviation insurance premiums collected across all Indian airlines, highlighting the magnitude of the event. The insurance payouts are expected to begin with interim payments, followed by comprehensive settlements after formal investigations and claims verification. Legal experts say payouts could take months or even years to complete, depending on whether claimants pursue additional damages.I What you should know Key points: Families of deceased passengers are eligible for automatic compensation of ~$171,000 under international aviation law. Higher payouts may occur if Air India is found negligent. The aircraft loss is insured and will be reimbursed. Liability risk is shared across global insurers, minimizing the impact on any one entity. With inputs from PTI


Economic Times
3 hours ago
- Economic Times
Stocks sell off, oil surges as Israel strikes Iran
Israel reportedly struck Iran, triggering market turmoil amid already heightened tensions over Iran's nuclear program and U.S. efforts to curb it. Oil prices surged, while stocks fell as investors sought safe-haven assets like the yen and U.S. Treasuries. Analysts are closely watching for further escalation and potential impacts on global oil supply. Tired of too many ads? Remove Ads QUOTES: MATT SIMPSON, SENIOR MARKET ANALYST, CITY INDEX, BRISBANE: Tired of too many ads? Remove Ads JESSICA AMIR, MARKET STRATEGIST, ONLINE TRADING PLATFORM MOOMOO, SYDNEY: HIROFUMI SUZUKI, CHIEF FX STRATEGIST, SMBC, TOKYO: TONY SYCAMORE, ANALYST, IG, SYDNEY: Tired of too many ads? Remove Ads KARL SCHAMOTTA, CHIEF MARKET STRATEGIST, CORPAY, TORONTO: CHARU CHANANA, CHIEF INVESTMENT STRATEGIST, SAXO, SINGAPORE: Israel said early on Friday that it struck Iran, and Iranian media said explosions were heard in Tehran as tensions mounted over U.S. efforts to win Iran's agreement to halt production of material for an atomic U.S. officials who spoke on condition of anonymity said there was no U.S. assistance or involvement in the operation. MARKET REACTION : U.S. stock futures fell more than 1%, oil prices jumped and U.S. Treasuries rose. The U.S. dollar, Japanese yen and Swiss franc rallied."A surge of one-way volatility to the demise of risk appetite is playing out on reports of Israel's strike on Iran, with traders pushing the yen, Swiss franc and gold higher while global index futures point lower."Oil prices surged 6% in minutes on supply concerns, taking its 3-day total to 12.3%. This could keep volatility elevated heading into the weekend, with traders likely wanting to hedge gap risks for next week.""We've seen equities stalling for some time, and it just appears that this is the catalyst that will probably send equities down lower. Stocks are up 30% globally, and you've got the MSCI World Index at a record, so there's room for fat to be taken off the table."What's going to continue to soar higher is, obviously, the defensive sectors, so utilities, energy, and also defence (companies) themselves."The (Middle East) region is a huge supplier of oil and obviously there's now the thinking that some of that supply could be cut off at a time when we've got demand really starting to pick up.""The situation in the Middle East has further deteriorated, and the heightened geopolitical risks are being strongly felt in the FX market. With the rise in risk-off sentiment, the Japanese yen is likely to be bought. The USD/JPY exchange rate is seeing the 140 yen level, observed in April, as a potential support level.""I thought Israel might give Iran the benefit of the doubt ahead of weekend talks with the U.S., but they've obviously decided to go it alone."While details are sparse regarding the targets, risk asset markets are not in the mood to wait and find out."This morning's alarming escalation is a blow to risk sentiment and comes at a crucial time after macro and systematic funds have rebuilt long positions and investor sentiment has rebounded to bullish levels. While we await further news and a potential response from Iran, we are likely to see a further deterioration in risk sentiment as traders cut risk seeking positions ahead of the weekend.""Traders are scurrying for safety as reports of a strike on Iran cross the wires, but details on the scale and magnitude of the attack remain scarce and moves have been relatively limited thus far.""The geopolitical escalation adds another layer of uncertainty to already fragile sentiment."The key question now is whether this marks a brief flare-up or the beginning of broader regional escalation. If the situation de-escalates quickly, markets may retrace some of the initial moves. But if tensions rise - particularly with any threat to oil supply routes - the risk-off mood could persist, keeping upward pressure on crude and haven assets."


India.com
4 hours ago
- India.com
Gautam Adani powers world's highest railway bridge in…this company supplies…
Adani Group's cement companies played a major role as the primary cement supplier for the construction of the world's highest railway arch bridge over the Chenab River in Jammu and Kashmir. They provided 65,000 tonnes of Ordinary Portland Cement (OPC) 43 Grade, known for its exceptional strength, durability, and consistent quality. This high-performance cement was specifically chosen because of its suitability in complex, large-scale infrastructure projects for extreme climatic and geological challenges. Adani Cement, comprising Ambuja Cements and ACC, the cement and building material companies of the diversified Adani Portfolio, played a pivotal role in the construction of the Chenab bridge – a landmark of India's infrastructure ambition, it said. Vinod Bahety, CEO – Cement Business, Adani Group, said, 'It is a matter of immense pride for us to be part of a project that not only redefines engineering boundaries but also contributes to national integration. 'At Adani Cement, we believe that every bag of cement carries the weight of the nation's progress. The Chenab Bridge is a shining example of how our commitment to quality, consistency and timely delivery supports India's infrastructure story.' Spanning the formidable terrain of Jammu and Kashmir, the Chenab Bridge is a triumph of design, execution, and resilience. A vital part of the Indian Railways' ambitious infrastructure expansion in the region, the bridge stands as a testament to India's resolve to connect its remotest geographies through world-class infrastructure. The execution of this engineering feat was anchored by Indian Railways. The cement industry will be a 'key enabler' and is expected to benefit significantly from the approximately USD 2.2 trillion in investments projected in the infrastructure sector by 2030, said ACC Chairman Karan Adani. ACC Cement, part of Adani Group's cement business, which crossed the 100 MTPA capacity milestone in April 2025, is contributing to India's growth by laying a strong, sustainable foundation for a brighter tomorrow, said Adani in the latest annual report of the company. (With Inputs From PTI)