Mobile-first coalition loyalty program for millennials

Drop

Led by
Derrick Fung
Investment Date
November 2015
Thesis
Digitalization of Finance
HQ
Toronto, Canada
Status
Active
Team
Eric Martineau-Fortin
Initial Investment
Pre-seed
Links
Drop
Drop Jobs

Coalition loyalty programs remain one of the massive sectors without much technological innovation. In the United States alone loyalty programs are estimated at $30bn each year, with millennial coalition loyalty programs estimated at $6.8bn. 

Drop’s millennial-targeting mobile loyalty app is aiming to shake things up. The company has partnered with innovative brands to provide its users with a simple way to earn reward points through purchases made with their existing credit and debit cards. As well as transactions, points can be earned by participating in contests and social sharing, before being redeemed on rewards tailored to each user’s needs, tastes and location. With the option to earn extra points by getting friends on board and the ability to see what they’ve won, Drop has created a socially-engaging platform disrupting the market. 

White Star

White Star Capital has been with us since the beginning when Drop was simply a PowerPoint deck. The team has helped us with everything from building our team to making introductions to potential partners. The firm's truly international presence and way of thinking encourages us to think both big and global as we scale our company.

Derrick Fung, founder and CEO
Led by
Derrick Fung
Investment Date
November 2015
Thesis
Digitalization of Finance
HQ
Toronto, Canada
Status
Active
Team
Eric Martineau-Fortin
Initial Investment
Pre-seed
Links
Drop
Drop Jobs