Drop is an Android and iPhone fintech product that offers users “Drop” rewards for spending at their favorite places, such as $75 in points for signing up for robo-advisor Wealthsimple and $20 in points for spending $40 at Giftagram. Users simply link their credit and debit cards, and Drop automatically gives points. According to the makers, Drop is the second and third most popular lifestyle app in Canada and the United States, respectively.
The company behind Drop has just raised $5.5 million funding, as reported by Newscenter.io here.
Drop was developed by cofounder Cameron Dearsley, CEO Derrick Fung, and Head of Product Kevin D.H Kim.
