Drop provides a mobile application to earn rewards and points. It allows users to link credit and debit to the application and earn points for spending. The company was founded in 2015 and is based in Toronto, Canada.
ESPs containing Drop
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The card-linked programs market allows card issuers to integrate merchant rewards into their card programs, incentivizing consumers to use their products. Card-linked programs typically involve the use of a payment card or account linked to a loyalty program or offer, which automatically applies discounts or rewards at the point of sale. Additionally, this market enables merchants to drive strong …
Drop's Products & Differentiators
Drop Rewards and Data Platform
Research containing Drop
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Drop in 2 CB Insights research briefs, most recently on May 2, 2022.
Expert Collections containing Drop
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Drop is included in 4 Expert Collections, including Loyalty & Rewards Tech.
Loyalty & Rewards Tech
Startups allowing global brands and local shops alike to offer tech-enabled loyalty and rewards programs including loyalty software, AI-powered loyalty, blockchain-powered loyalty, and more.
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Excludes US-based companies
Drop has filed 18 patents.
Bottled water brands, Polyolefins, Bottles, Plastic recycling, Laundry detergents
Bottled water brands, Polyolefins, Bottles, Plastic recycling, Laundry detergents
Latest Drop News
Dec 7, 2022
KKR Is Betting on a Credit Comeback After a Crushing Year The Developing World Is Facing a $2.5 Trillion Debt Shock Bond Market Shows Fed Making ‘Serious Mistake,’ Cathie Wood Says Apollo CEO Sees Opportunity in Liquidity Crunch: Goldman Update Breitling Said to Be Valued at $4.5 Billion in Partners-CVC Deal Thoma Bravo Raises $32.4 Billion for Three Tech-Focused Funds Mosaic Curtails Potash Output at Canada Mine on Demand Slump Five Charts Show UK Housing Headed for Biggest Drop Since 2008 Carvana Plunges as Apollo-Pimco Creditor Truce Creates Stock Doubts Cryptos Are the ‘Bubble of a Generation,’ ECB’s Panetta Says Southwest Airlines Reinstates Dividend After Coronavirus Suspension Northern Ireland Still in Limbo as Bid to Form Government Fails What We’ve Learned Three Days Into the Russian Oil Price Cap Ukraine Latest: EU Envoys Weigh Ninth Russia Sanctions Package Argentina VP Says She Won’t Run for Office After Guilty Charge Nigeria’s NNPC Funded Chevron Asset Purchase With Aid of Family Firm Germany Vows to Shield Infrastructure Against Russian Threats RBC’s Daw Says Bank of Canada Rate Signal May Hinge on One Word Chile Inflation Soars Past All Forecasts in Blow to Central Bank Canadians look to side hustles to make up for inflation pressure, but at what cost? Cybersecurity tips for online holiday shopping Over half of Canadians plan to spend less on Christmas plans: Survey Will groceries be cheaper in 2023? Here's what a report found Need to tap into your investments? Beware of tax traps 4 reasons for thrift store gifts this year GICs and crypto in epic tug-of-war for young investors: Dale Jackson 32% of Canadians unaware standard home insurance policies lack flood protection: Survey How the elimination of interest on federal student loans could give graduates a boost Recession: Majority of Canadians think we’ll enter one soon, survey finds Young Canadians look to splurge on gifts this holiday season, cut other costs How stay-at-home spouses can build credit Holiday shopping: Expert advice on finding deals and saving Inflation gives a boost to 2023 TFSA contribution limit Many Canadians struggling with 'subconscious spending' habits: Survey Buy now, pay later holiday shopping spree could lead to financial hangover: Experts Hourly wages needed to live in Ontario rise as inflation persists Tax-loss selling can turn 2022 losses into 2023 gains Consumer insolvencies rise 22.5 per cent compared with last year Mortgage machine slows in Canada as rate hikes hit banks’ growth US Mortgage Rates Fall a Fourth Week, Longest Stretch Since 2019 Co-buying a house: How platonic partners make it work The Museum of London Is Closed. Long Live the Museum of London UK House Prices Fall Fastest in 14 Years, Halifax Says Vietnamese EV Maker VinFast Files for US IPO South Korea Debt Crisis Is a Cautionary Tale as Era of Easy Money Ends End of Easy Money Era Sparks Questions Over Landlords’ True Debt Loads LA Approves Tax Increase on Real Estate Deals Over $5 Million Millions of US Millennials Moved in With Their Parents This Year Caner-Led Aggregate Is Said to Discuss Vic Properties SPAC Deal Toronto home-price declines are slowing because few properties are for sale Irish House Prices Set for New Records on High Rents, Tight Supply Swedish Real-Estate Companies Face Risk of More Downgrades at Moody’s UK Housing Slump Hits Construction Output Harder Than Expected Saint-Gobain Nears Sale of UK Builders Merchant Jewson to CVC Australia Raises Key Rate and Shifts Tone to Signal Flexibility Vietnam Raises Loan Growth Cap to Soothe Growing Funding Woes China Analysts Hunt for Clues of Property Market Turnaround Apollo CEO Sees Opportunity in Liquidity Crunch: Goldman Update Plaid Cuts 260 Staffers as Fintech Customers See Slower Growth Harvard Fencing Coach Demanded $7.5 Million for Admissions Help, Witness Says Breitling Said to Be Valued at $4.5 Billion in Partners-CVC Deal Amazon Sued by District of Columbia for ‘Stealing’ Delivery Driver Tips Thoma Bravo Raises $32.4 Billion for Three Tech-Focused Funds Mosaic Curtails Potash Output at Canada Mine on Demand Slump Five Charts Show UK Housing Headed for Biggest Drop Since 2008 Carvana Plunges as Apollo-Pimco Creditor Truce Creates Stock Doubts McConnell Balks as Democrats Eye Defense Bill for Energy-Permitting Plan Cryptos Are the ‘Bubble of a Generation,’ ECB’s Panetta Says Vale to break out base metals business, sell stake in 2023 Sunak Vows Action to Deal With ‘Unreasonable’ UK Strike Leaders Southwest Airlines Reinstates Dividend After Coronavirus Suspension Fashion Brand Vince Explores Options Including a Sale Steinhoff Ex-CEO’s Insider Trading Fine Is Cut to $1.2 Million Northern Ireland Still in Limbo as Bid to Form Government Fails Key IPhone Supplier Expects Orders to Drop on Weak Tech Demand What We’ve Learned Three Days Into the Russian Oil Price Cap Bond Market Shows Fed Making ‘Serious Mistake,’ Cathie Wood Says Breitling Said to Be Valued at $4.5 Billion in Partners-CVC Deal Mosaic Curtails Potash Output at Canada Mine on Demand Slump McConnell Balks as Democrats Eye Defense Bill for Energy-Permitting Plan What We’ve Learned Three Days Into the Russian Oil Price Cap Ukraine Latest: EU Envoys Weigh Ninth Russia Sanctions Package Nigeria’s NNPC Funded Chevron Asset Purchase With Aid of Family Firm Germany Vows to Shield Infrastructure Against Russian Threats JPMorgan Backs Startup That Wants to Fix Copper Shortage Germany to Boost Aid for African Deals in Move Against China China Announces Jump in Gold Reserves After More Than 3 Years Tesla Starts EV Sale in Thailand in Challenge for Chinese Rivals UK Set for Snowy and Cold Weather as Wind Power Output Plunges Britain’s Electric Car Dream Threatened by Shortage of Mechanics Hungary Braces for Inflation Shock After Fuel Shortage Upends Orban’s Price Cap Xi’s Expected in Riyadh as the Middle East Looks Beyond America Mongolian PM Meets With Protesters Over Millions in Missing Coal EU Leaders to Focus on Next Winter After Russian Gas Supply Cut Turkey Wealth Fund to Integrate Steelmaker With Mining Operations Bank of Canada hikes key interest rate half a percentage point to 4.25% The Daily Chase: Bank of Canada decision day; Dollarama sales surge Bank of Canada look ahead: Economists expect seventh straight rate hike TSX recap: Index closes 1.25% lower amid losses in energy, technology Tech drives U.S. stock rout amid gloom from bank CEOs Consumer debt tops $2.36 trillion in third quarter, up 7.3% from last year Canada trade surplus widens on rising consumer goods exports The Daily Chase: Home prices sink in Toronto; Canadian consumer debt rises Yield curve inversion hits widest in Canada since early 1990s What is an 'inverted yield curve' and why does it matter? Stocks hit by U.S. Fed-hike jitters as U.S. yields surge TSX recap: Index closes 1.19% lower Profits in 15 sectors, including oil and gas, driving bulk of inflation: Report Powell's dovish hope for soft landing is not realistic: Larry Berman Will groceries be cheaper in 2023? Here's what a report found The Daily Chase: Oil prices gain ground; grocery relief unlikely in 2023 U.S. stocks, Treasuries see jobs-driven selloff sputter BoC expected to end year off with one more rate increase, likely to pause hikes soon Unemployment rate drops slightly to 5.1% in November, labour market still hot Mexico’s AMLO to Host Biden, Trudeau for Summit in January McConnell Balks as Democrats Eye Defense Bill for Energy-Permitting Plan Sunak Vows Action to Deal With ‘Unreasonable’ UK Strike Leaders Northern Ireland Still in Limbo as Bid to Form Government Fails Sunak Says He’s Shocked by PPE Contract Allegations Against Michelle Mone Ukraine Latest: EU Envoys Weigh Ninth Russia Sanctions Package US Set to Remove Hurdles to Sale of F-16 Fighter Jets to Turkey Germany Detains 25 Suspected of Trying to Overthrow Government EU Adopts Rules to Spur Clearing Shift to Europe From London Germany Vows to Shield Infrastructure Against Russian Threats Chile Inflation Soars Past All Forecasts in Blow to Central Bank Poland Picks Former Ruling-Party Spin Doctor for World Bank Role What to Watch for Next in South African President’s Cash-in-Sofa Scandal South African Deputy President Rejects Land-Claims Allegations Erdogan Seeks to Ban Same-Sex Marriage, Legalize Headscarves in Bid for Conservative Base South Africa Places Assassin of Anti-Apartheid Icon on Parole Germany to Boost Aid for African Deals in Move Against China Brazil Set to Hold Interest Rates as Lula Pushes for More Spending UK Conservatives Hike Membership Fees by 56% as Donations Slump Harvard Fencing Coach Demanded $7.5 Million for Admissions Help, Witness Says Amazon Sued by District of Columbia for ‘Stealing’ Delivery Driver Tips Thoma Bravo Raises $32.4 Billion for Three Tech-Focused Funds Cryptos Are the ‘Bubble of a Generation,’ ECB’s Panetta Says Key IPhone Supplier Expects Orders to Drop on Weak Tech Demand Uber Rolls Out Robotaxis Even as Self-Driving Car Hype Wanes VW Retools Main German Factory to Make More Electric Cars Exposure to White Supremacist Ideologies in Online Games Surged in 2022 Venture Capital Deals Set for Worst Drop in Over Two Decades JPMorgan Backs Startup That Wants to Fix Copper Shortage Dish Is Offering $25-a-Month Mobile Service for the Rest of Your Life Vodafone’s Top Shareholder Rules Out Bid After Raising Stake Nigeria Caps ATM Cash Withdrawals at $45 Daily to Push Digital Payments Etisalat Weighs Investment in Vodafone’s African Business Tesla Starts EV Sale in Thailand in Challenge for Chinese Rivals Big ESG Funds Are Doing Worse Than the S&P 500 Vodafone and Three UK Battle Roadblocks to Mobile Tie-Up Xi’s Expected in Riyadh as the Middle East Looks Beyond America Top Xiaomi India Executive Resigns Just as Challenges Mount The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. Hedge Fund Sues Grayscale for Details on Battered Bitcoin Trust Build-Your-Own-Index Boom Could Hit $825 Billion in Four Years SPACs Collapse as $11 Billion of Deals Are Called Off Within an Hour Bitcoin’s Bearish Futures Are Signaling a Slowdown into 2023 One Massive Trade Likely Fueled $1.5 Billion Flood Into Bond ETF Traders Start Taking Notice as China ETF Rebound Gets Extreme Investors Pull $8 Billion From Major Stock ETFs JPMorgan Joins HSBC as Vault Custodian for Top Gold ETF Crypto Investment-Product Assets Sink to Two-Year Low Amid FTX Collapse Wall Street Analysts Haven’t Been This Bullish on Tesla Since 2015 Man Behind Anti-ARK ETF Is Losing Fund in Break From New Firm Cloud-Software Stocks Salesforce, Snowflake Weighed Down by Slower Growth Record $3 Billion Exodus Hits Credit ETF in Abrupt Risk Reversal Hedge Fund Strategy That Lured $1 Billion This Year Comes to Europe Stocks Comeback Boosts Australian ETF Market to Near Record Size Risk Appetite Is Surging Again in Markets Seduced by Fed Hope Bitwise Files for Bitcoin Futures ETF Despite Crypto ‘Dark Days’ Crypto Crisis Shrinks ETF Assets in Market That Embraced Them London’s Stock Market Edges Back Above Paris After Pound Surge Women making small gains, but still troublingly under-represented in the C-suite Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO Dominic Barton on Canada-China relations, future at Rio Tinto 'We’re serving Canadians better' following the pandemic: McKesson Canada CEO Rebecca McKillican World's richest family loses US$11.4B in Walmart rout 'Fine balance': Rania Llewellyn on fitting her long-term inclusion goals into Laurentian's revamp First female bank CEO in Canada leads with younger self in mind Company holiday parties are making a comeback, but many employers have a plan B Elon Musk and Jeff Bezos now worth almost half a trillion dollars Jane Fraser has a plan to remake Citigroup while tormenting rivals ‘Forever changed’: CEOs are dooming business travel — maybe for good National Bank names Laurent Ferreira CEO, succeeding Vachon The remote-work czar is the new shortcut to the C-Suite Olympics boss aims to put 'most-followed' Tokyo games on track Wellness resorts eye long COVID treatments as new moneymaker Ghosn accomplice says he 'deeply regrets' helping him escape Gates divorce speeds divergence of separate investing goals Buffett exits as Gates Foundation trustee, sidestepping rift Gates’s divorce casts harsh glare on US$170 billion money manager Reed Landberg and Andrew Atkinson, Bloomberg News Residential housing in London , Photographer: Chris J. Ratcliffe/Bloomberg (Bloomberg) -- Britain’s housing market is headed for its worst slump since the global financial crisis more than a decade ago after a surge in mortgage interest rates added to the woes of buyers struggling with a cost-of-living crisis. Two of the nation’s biggest mortgage lenders, Nationwide Building Society and Halifax, say that prices fell in each of the past three months with November seeing the biggest decline since the credit crunch of 2008 and 2009. The concern is that latest readings are the start of a protracted downturn that could rival the property market recession that started in late 1989. That episode saw properties lose a fifth of their value over three years and left as many as a million people with homes worth less than the mortgages used to buy them. Nationwide’s Chief Financial Officer Chris Rhodes last month said his “worst-case” scenario included a 30% drop in prices, but that a 8% to 10% decline is more likely. Bloomberg Economics expects a drop of slightly less than 10% next year, estimating that values are currently 20% higher than can be justified by fundamentals. The big driver is surging interest rates, which have driven up the cost of mortgages to the highest since the property market was last in recession in 2008 and 2009. The Bank of England lifted its benchmark lending rate eight times in the past year from near zero to 3%, and investors anticipate more moves in the months ahead. That’s pushed mortgage rates on two-year fixed-rate deals above 6% in the past few months, meaning anyone who remortgages now may see their payments double, according to data from Moneyfacts Group Plc. The Office for Budget Responsibility anticipates the average mortgage cost may remain elevated until the end of the decade. The surprise so far has been how long property prices held up. Nationwide recorded double-digit growth from a year ago through August. A series of tax breaks, cheap money and the ambition of consumers to move out of city centers and into places with space for a home office kept prices soaring through the pandemic. Now, rising rates are choking off the flow of new buyers. And those who need to remortgage are about to confront a big surge in monthly payments. Bank of England data indicates about almost a third of those on deals that fix their payments will have to refinance in the next two years. Those costs are adding to the strain on household budgets, which are already struggling with the highest inflation in 41 years. Consumer prices rose 11.1% in October, driven by a jump in the cost of food and energy. The British Retail Consortium says shoppers are paying more to buy less and are diverting their spending toward essentials. That may leave less money to spend on housing. Read more: UK House Prices Fall Fastest in 14 Years, Halifax Says London Homes in Financial Districts Saw Double-Digit Price Drops UK Housing Slump Hits Construction Output Harder Than Expected UK House Prices Fall More Sharply After Mortgage Costs Jump UK Estate Agents Say Buyer Inquiries Plunge After Rate Rises UK Lenders Face Biggest Mortgage Test Since Financial Crisis UK Housebuilder Taylor Wimpey Sees Weekly Home Sales Plunge Discounts Return on UK Homes in Latest Sign of Market Turbulence Nationwide CFO Says UK House Prices Could Fall 30% in Worst Case ©2022 Bloomberg L.P.
Drop Frequently Asked Questions (FAQ)
When was Drop founded?
Drop was founded in 2015.
Where is Drop's headquarters?
Drop's headquarters is located at 120 Front Street East, Toronto.
What is Drop's latest funding round?
Drop's latest funding round is Unattributed VC - II.
How much did Drop raise?
Drop raised a total of $94.39M.
Who are the investors of Drop?
Investors of Drop include Motier Ventures, Anthony Bourbon, Galeries Lafayette, Kima Ventures, Speedinvest and 18 more.
Who are Drop's competitors?
Competitors of Drop include Upside and 6 more.
What products does Drop offer?
Drop's products include Drop Rewards and Data Platform.
Who are Drop's customers?
Customers of Drop include Postmates, UberEats and Kroger.
Compare Drop to Competitors
Ibotta offers a cash-back rewards and payments application. It gives users real cash for everyday purchases if its users shop and pay through the application. It provides different ways to earn cash on their purchases by partnering with brands and retailers. It was founded in 2012 and is based in Denver, Colorado.
Fetch offers a consumer engagement platform. It offers a mobile shopping application that connects and rewards everyday shoppers for buying their daily essentials. The company was founded in 2013 and is based in Madison, Wisconsin.
Rakuten (TYO: 4755) is an electronic commerce and Internet company. The group's operations include online travel reservation services, portal site operation, online content streaming, credit card services, consumer loan services, Internet banking services, online securities brokerage, IP telephony services, and a professional baseball team.
Upside operates as a retail technology company. It provides users with personalized cashback promotions on purchases at gas stations, groceries, and restaurants. The company was formerly known as GetUpside. It was founded in 2015 and is based in Washington, DC.
Prodege is an internet and media company that operates multiple online brands that deliver content and rewards to members. Prodege's flagship product Swagbucks is a web rewards program offering users free gift cards for everyday activities and purchases online.
Kard is a rewards application programming interface (API) platform. It notifies users of the best savings opportunities for all of their purchases, both online and in-store. It was founded in 2015 and is based in New York, New York.