Funding Details
- Awarder
- WeFunder
- Date Award
- June 13, 2024
- Vertical
- Fintech and Finance
- Funding URL
- View Funding Page
- Premoney Valuation
-
$1,000,000
Company Info
- Founding Year
- 2022
- Traction
- None
- Organizations Involved
- None
- Founders
- Patrick Mc Dougall Sterea, Bianca Orsini, Paulo Albuquerque
- Company Description
- Drip is a buy-now-pay-later service for Brazil. Since launching in April, monthly revenue growth has reached 150%, with 8.5k customers already using the app. Drip helps people stay within their credit limit by creating a separate credit line so installments don't affect credit card limits. Drip offers multiple benefits such as faster and safer payments, capped late fees, and more rewards. Drip is currently operating in the $5B market of e-commerce payments but intends to expand to B&M shopping, reaching a $37B+ market.
- Market
- Brazil
- Location
-
Delaware City,
Delaware,
Delaware
- Coinvestors
- None
Links