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Dropp

Newark, NJ

Dropp is a “pay per use” micropayment transaction platform designed to make it easy for consumers to purchase small-value goods and services securely without signups. Dropp enables the “Pay-per-usage” model that appeals to a growing customer base that wants to use services on an ad-hoc, on-demand basis and only pay for what they use. Consumer goods and services ranging from renting a scooter, using a vending machine, paying for parking, to buying a cup of coffee could immediately benefit from Dropp. Additionally, merchants providing cloud-based data API, market data feed, IoT sensor data, and others facing a similar challenge can leverage this platform to offer their services in smaller increments.ws payments in local currency U.S. dollars or hbar Crypto for crypto enthusiasts. In building Dropp, the team has carefully selected the best features of the existing well-regulated banking world and the transparency and cryptographically secure access offered by Hedera Hashgraph, the world’s fastest, fair, and secure distributed ledger, to create the best possible solution.

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Company Details

Founded

2020

Employees

Between 5 - 20 employees

Raised

$4,500,000

Headquarters Location

Newark, NJ

Public

No

Acquired

No

CEO

Sushil PrabhuSushil Prabhu

Founders

Rajiv Sohal
Rajiv Sohal
Shawn Traynor
Shawn Traynor
Sushil Prabhu
Sushil Prabhu
Brad Buck
Brad Buck

Company Collections

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Dropp Headquarters Location

142 Lafayette Street, Newark, NJ 07105

Total Amount Raised: $4,500,000

Dropp Funding Rounds

  • Seed

    $2,000,000

    Seed Investors

    Intellectual Digital Global (iDG)
    Intellectual Digital Companies (iD iDC iDG iDBB)
  • Pre Seed

    $2,500,000

Funding info provided by Diffbot.

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