Dropp

A superior ultra-low-cost alternative to Cards, Cash & Checks

General Information
Company Name
Dropp
Founded Year
2020
Location (Offices)
Newark, United States +1
Founders / Decision Makers
Number of Employees
12
Industries
Blockchain, Financial Services, Fintech +1
Funding Stage
Seed
Social Media

Dropp - Company Profile

Welcome to Dropp, where we are revolutionizing the way payments are made. Our platform offers lightning-fast, ultra-low-cost transactions, providing a superior alternative to traditional payment methods like cards, cash, and checks. We drastically reduce transaction fees by leveraging cutting-edge technology built on instant banking rails (RTP) and distributed ledger technology (Hedera), making even a $1 purchase ten times cheaper than a card. With over 25 years of experience in financial services, peer-to-peer payments, and real-time technology, our team understands the need for a payment system that matches the speed and efficiency of the digital age. Dropp’s mission is to enable fully instant payments worldwide, supporting innovative business models like Pay-Per-Use and empowering small and medium-sized businesses to remain competitive in a rapidly evolving market. Our Pay-By-Bank payments feature, along with attractive offers and referral incentives, fosters a direct relationship between merchants and consumers, creating a thriving community ecosystem. As 50% of consumer payments are under $25, Dropp makes micro-payments feasible and eliminates high transaction fees, helping businesses flourish in the digital economy. With transaction fees averaging just 1%, Dropp is cost-effective for various payment models, from micro-payments to small-value purchases. Join us in ushering in a new era of digital commerce, where payments are as fast and affordable as the digital world.

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