Drop

OverviewSuggest Edit

Drop is a company which provides a mobile rewards platform for debit and credit cards. The company allows customers to earn points across a variety of brands in different industries. Its mobile-based platform allows earning and redemption and analyzes user's spending to curate the rewards.

TypePrivate
Founded2015
HQToronto, CAMap
Websiteearnwithdrop.com
Employee Ratings5More
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Latest Updates

Employees (est.) (Jul 2021)96(+4%)
Cybersecurity ratingCMore

Key People/Management at Drop

Derrick Fung

Derrick Fung

CEO
Darren Fung

Darren Fung

CTO
Ian Logan

Ian Logan

VP Engineering
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Drop Office Locations

Drop has offices in Toronto and New York
Toronto, CA (HQ)
120 Front St E #200
New York, NY, US
110 E 25th St
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Drop Financials and Metrics

Summary Metrics

Founding Date

2015

Drop total Funding

$75 m

Drop latest funding size

$44 m

Time since last funding

2 years ago

Drop investors

New Enterprise Associates, Sapphire Ventures, Sierra Ventures, White Star Capital, ff Venture Capital, Rothenberg Ventures, Frontline Ventures, Rick Yang, Hedgewood, HIGHLINEvc, HOF Capital, Portag3 Ventures, CRCM Ventures, WSC, RBC Capital
Drop's latest funding round in August 2019 was reported to be $44 m. In total, Drop has raised $75 m
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Drop Operating Metrics

Drop's Users was reported to be 1 m in Jan, 2018.
Dec, 2016Nov, 2017Jan, 2018Nov, 2018

Users

70 k500 k1 m

Cards Registered

2 m

Partners

150
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Drop Acquisitions / Subsidiaries

Company NameDateDeal Size
Canopy LabsNovember 18, 2015

Drop Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

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Drop Online and Social Media Presence

Drop's Trends

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Drop Blogs

June 11, 2019

Our Top Father’s Day Gifts Under $50

So, you’ve just dropped some serious bills on Mom for Mother’s Day, and surprise: Dad’s day is just around the corner. Don’t hit the panic button. From electric shavers to portable coffee makers, there’s plenty of affordable gifts to give Dad that won’t leave you high and dry heading into summer. Lo…
April 17, 2019

Nochella? No Problem. Steal These *Totally Affordable* Festival Looks

Because you don’t have to spend a weekend in the desert to look cute.Recreate these (totally affordable) festival showstoppers from the comfort of your couch.Weylie & Sophia Chang in ModClothPaint the town red in spring’s most groundbreaking florals.1. Breezy Tendency Crop Top2. Stay Classy Skat…
April 12, 2019

What to Pack for Coachella: Everything You Need for a Fun-Filled Weekend in the Desert

Are you there, Ariana? It’s me, Packing Procrastinator Extraordinaire. (God is a Woman, after all.)Unsure of what to pack for your first-ever trip to Coachella? With J Biebs, Bella Hadid, and (most of) the Kardashian clan having been spotted on the festival grounds in years past, there’s never been …
February 26, 2019

Need a Winter Blues break? Plan a trip.

Winter, you’re cancelled.Our best February blues tip? Plan something to look forward to. (Book a trip.)Best time to travel: February — May Go for the: Stunning architecture, made all the more jaw-dropping in the metropolitan city’s famed Marina Bay. Stay for the: Bustling nightlife in Chinatown, p…
February 07, 2019

What your Valentine REALLY wants for V-Day

Roses are red, shopping is hard.This February 14th, choose your own Valentine’s Day. Because love is never one size fits all.The Traditionalist Why mess with a good thing? For the classic love in mind, shop traditional gifts with a modern twist.Gifts for The Traditionalist at heart The Babar with Su…
December 28, 2018

The Top 10 Most Common American New Year’s Resolutions (and how to make them work year-round)

Most resolutions make it to the second week of January. You can do better than that. Our top tips for making yours stick. Eat HealthierAh, a classic. There’s no two ways about it: eating crummy can make you feel crummy. Thankfully, with Thrive Market, eating healthy has never been easier. The trust…
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 Drop Frequently Asked Questions

  • When was Drop founded?

    Drop was founded in 2015.

  • Who are Drop key executives?

    Drop's key executives are Derrick Fung, Darren Fung and Ian Logan.

  • How many employees does Drop have?

    Drop has 96 employees.

  • Who are Drop competitors?

    Competitors of Drop include Tumelo, Swap and My Money Jar.

  • Where is Drop headquarters?

    Drop headquarters is located at 120 Front St E #200, Toronto.

  • Where are Drop offices?

    Drop has offices in Toronto and New York.

  • How many offices does Drop have?

    Drop has 2 offices.