On September 5, 2024, Drip Capital, Inc. closed the transaction. The company issued 4,924,722 series C preferred shares for gross proceeds of $62,999,999 in the transaction. The company issued 17,97,914 series C preferred shares for gross proceeds of $22,999,999 in its final tranche.

The transaction also included participation from new investors Sumitomo Mitsui Banking Corporation, GMO Payment Gateway, Inc. existing investors. The company has received $640 million in equity and debt funding till date.