27:
207:
subscribers have reported that they have been unable to cash in their funds due to the app either taking a long time to load, or not loading at all, and then being told that the gift cards are “sold out”. Multiple users have even stated the gift cards aren't even dropped because they never seem to show up. The company has not made any comments on the matter.
206:
As of July 2023 the app has experienced a number of issues. One notable issue is a change in how the distribution of gift cards, which were once available to purchase at any time, is handled. Gift cards are now supposedly dropped every
Thursday, and are "limited and capped at $ 25". Thousands of
147:
to earn points with. The program started in the
Canadian market during August 2015 and expanded into the American market during October 2017, after a six-month private beta. The Drop Rewards program requires that users download a companion app on an
1023:
533:
1008:
1018:
998:
131:
is a coalition customer loyalty program, in which users earn points using their linked debit or credit cards. Users choose five rewards partners such as
526:
1003:
993:
519:
225:
177:
In
October 2017, Drop raised a $ 5.5 million seed round of venture capital financing led by Sierra Ventures. As part of the deal,
362:
711:
494:
415:
281:
199:
In August 2019, the company announced their series B round which was a total of US$ 44 million, led by HOF Capital and
163:
As of
November 2017, the company had 500,000 users. This number has since risen to 1 million users as of January 2018.
972:
441:
389:
153:
120:
189:
469:
853:
828:
800:
665:
597:
556:
705:
336:
1013:
810:
780:
675:
660:
730:
871:
200:
967:
962:
924:
655:
627:
144:
111:
308:
843:
566:
174:
In August 2015, Drop raised a CA$ 1 million round of initial financing for launching the app.
156:
device. According to Drop, the service was designed as a way for brands to earn exposure with
26:
957:
858:
823:
775:
770:
695:
650:
561:
286:
934:
891:
833:
542:
178:
90:
37:
765:
253:
282:"This Canadian rewards app has 70,000 millennials using it — now, it's coming to the US"
929:
690:
258:
987:
949:
818:
886:
760:
750:
622:
607:
313:
79:
939:
896:
866:
755:
740:
642:
637:
571:
193:
157:
785:
725:
720:
680:
184:
In
February 2018, the company announced that they had raised a US$ 21 million
906:
745:
735:
685:
592:
136:
901:
795:
790:
670:
587:
442:"Drop, a rewards app start-up, snags Airbnb's former head of engineering"
230:
185:
617:
166:
As of 2024, Drop points are not redeemable or usable for any purpose.
132:
69:
65:
881:
876:
612:
511:
916:
838:
446:
390:"Drop Pitches Millennial-Focused Rewards App on #thedistrupters"
140:
515:
363:"NEA leads $ 21m round for Drop, a rewards app for millennials"
416:"Drop Rewards App Earns $ 5.5 Million, Expands to U.S. Market"
149:
116:
309:"The loyalty reward app getting attention from Millennials"
192:. Later that year Drop acquired customer analytics company
1024:
Reward, cashback and comparison-shopping digital platforms
470:"Drop Acquires Predictive Analytics Company Canopy Labs"
254:"Earn rewards as you spend money with the new Drop app"
101:
495:"44M Series B Drop in the Bucket Millennial Loyalty"
948:
915:
852:
809:
704:
636:
580:
549:
110:
96:
86:
75:
61:
43:
33:
226:"8 Personal Finance Apps You Need in Your Life"
527:
8:
337:"Many Merchants, One Mobile Rewards Program"
82:, Darren Fung, Cameron Dearsley, Akhil Gupta
19:
534:
520:
512:
25:
18:
216:
203:participated as a strategic investor.
1009:Canadian companies established in 2015
468:Galang, Jessica (November 15, 2018).
224:Fischer, Alyssa (10 September 2017).
7:
1019:Android (operating system) software
999:Customer loyalty programs in Canada
280:Hartmans, Avery (4 December 2016).
16:Coalition customer loyalty program
14:
440:Kolodny, Lora (30 January 2018).
414:Cornick, Kate (11 October 2017).
388:Zubairi, Amira (16 April 2017).
252:Chang, Lulu (11 October 2017).
1:
973:Trading stamps in Hong Kong
1040:
1004:Companies based in Toronto
201:Royal Bank of Canada (RBC)
994:Customer loyalty programs
190:New Enterprise Associates
24:
801:Velocity Frequent Flyer
557:Cashback reward program
781:Qantas Frequent Flyer
661:Flybuys (New Zealand)
181:joined Drop's Board.
49:; 9 years ago
20:Drop Technologies Inc
968:S&H Green Stamps
872:Capital One Shopping
666:Hudson's Bay Rewards
47:August 25, 2015
963:Green Shield Stamps
925:Canadian Tire money
656:Flybuys (Australia)
112:Native client(s) on
21:
771:Miles & Smiles
731:Aeroméxico Rewards
628:Student Price Card
317:. 23 December 2016
145:Whole Foods Market
981:
980:
819:Choice Privileges
567:Incentive program
369:. 30 January 2018
343:. 6 November 2017
126:
125:
1031:
958:Blue Chip Stamps
829:IHG Rewards Club
796:JetBlue TrueBlue
776:Norwegian Reward
766:Miles & More
696:Triangle Rewards
651:Everyday Rewards
562:Cashback website
543:Loyalty programs
536:
529:
522:
513:
506:
505:
503:
502:
491:
485:
484:
482:
480:
465:
459:
458:
456:
454:
437:
431:
430:
428:
426:
411:
405:
404:
402:
400:
385:
379:
378:
376:
374:
359:
353:
352:
350:
348:
333:
327:
326:
324:
322:
305:
299:
298:
296:
294:
287:Business Insider
277:
271:
270:
268:
266:
249:
243:
242:
240:
238:
221:
106:
103:
57:
55:
50:
34:Type of business
29:
22:
1039:
1038:
1034:
1033:
1032:
1030:
1029:
1028:
984:
983:
982:
977:
944:
935:My Coke Rewards
911:
892:Rakuten Rewards
857:
854:Online shopping
848:
844:Wyndham Rewards
834:Marriott Bonvoy
805:
707:
706:Frequent-flyer
700:
641:
632:
576:
545:
540:
510:
509:
500:
498:
493:
492:
488:
478:
476:
467:
466:
462:
452:
450:
439:
438:
434:
424:
422:
413:
412:
408:
398:
396:
387:
386:
382:
372:
370:
361:
360:
356:
346:
344:
335:
334:
330:
320:
318:
307:
306:
302:
292:
290:
279:
278:
274:
264:
262:
251:
250:
246:
236:
234:
223:
222:
218:
213:
172:
100:
91:Loyalty program
76:Created by
53:
51:
48:
17:
12:
11:
5:
1037:
1035:
1027:
1026:
1021:
1016:
1011:
1006:
1001:
996:
986:
985:
979:
978:
976:
975:
970:
965:
960:
954:
952:
950:Trading stamps
946:
945:
943:
942:
937:
932:
930:Disney Dollars
927:
921:
919:
913:
912:
910:
909:
904:
899:
894:
889:
884:
879:
874:
869:
863:
861:
850:
849:
847:
846:
841:
839:World Of Hyatt
836:
831:
826:
821:
815:
813:
811:Hotel programs
807:
806:
804:
803:
798:
793:
788:
783:
778:
773:
768:
763:
758:
753:
748:
743:
738:
733:
728:
723:
717:
715:
702:
701:
699:
698:
693:
691:Tesco Clubcard
688:
683:
678:
673:
668:
663:
658:
653:
647:
645:
634:
633:
631:
630:
625:
620:
615:
610:
605:
600:
595:
590:
584:
582:
578:
577:
575:
574:
569:
564:
559:
553:
551:
547:
546:
541:
539:
538:
531:
524:
516:
508:
507:
486:
460:
432:
406:
380:
354:
328:
300:
272:
259:Digital Trends
244:
215:
214:
212:
209:
188:round, led by
179:Mark Fernandes
171:
168:
124:
123:
114:
108:
107:
98:
94:
93:
88:
84:
83:
77:
73:
72:
63:
59:
58:
45:
41:
40:
35:
31:
30:
15:
13:
10:
9:
6:
4:
3:
2:
1036:
1025:
1022:
1020:
1017:
1015:
1012:
1010:
1007:
1005:
1002:
1000:
997:
995:
992:
991:
989:
974:
971:
969:
966:
964:
961:
959:
956:
955:
953:
951:
947:
941:
938:
936:
933:
931:
928:
926:
923:
922:
920:
918:
914:
908:
905:
903:
900:
898:
895:
893:
890:
888:
885:
883:
880:
878:
875:
873:
870:
868:
865:
864:
862:
860:
855:
851:
845:
842:
840:
837:
835:
832:
830:
827:
825:
824:Hilton Honors
822:
820:
817:
816:
814:
812:
808:
802:
799:
797:
794:
792:
789:
787:
784:
782:
779:
777:
774:
772:
769:
767:
764:
762:
759:
757:
754:
752:
749:
747:
744:
742:
739:
737:
734:
732:
729:
727:
724:
722:
719:
718:
716:
713:
709:
703:
697:
694:
692:
689:
687:
684:
682:
679:
677:
674:
672:
669:
667:
664:
662:
659:
657:
654:
652:
649:
648:
646:
644:
639:
635:
629:
626:
624:
621:
619:
616:
614:
611:
609:
606:
604:
601:
599:
596:
594:
591:
589:
586:
585:
583:
579:
573:
570:
568:
565:
563:
560:
558:
555:
554:
552:
548:
544:
537:
532:
530:
525:
523:
518:
517:
514:
496:
490:
487:
475:
471:
464:
461:
449:
448:
443:
436:
433:
421:
417:
410:
407:
395:
391:
384:
381:
368:
364:
358:
355:
342:
338:
332:
329:
316:
315:
310:
304:
301:
289:
288:
283:
276:
273:
261:
260:
255:
248:
245:
233:
232:
227:
220:
217:
210:
208:
204:
202:
197:
195:
191:
187:
182:
180:
175:
169:
167:
164:
161:
159:
155:
151:
146:
142:
138:
134:
130:
122:
118:
115:
113:
109:
105:
99:
95:
92:
89:
85:
81:
78:
74:
71:
67:
64:
60:
46:
42:
39:
36:
32:
28:
23:
1014:IOS software
887:PayPal Honey
761:Mileage Plan
751:Magsformiles
643:supermarkets
638:Chain stores
623:Student Edge
608:More Rewards
602:
499:. Retrieved
497:. 2019-08-22
489:
477:. Retrieved
473:
463:
451:. Retrieved
445:
435:
423:. Retrieved
419:
409:
397:. Retrieved
393:
383:
371:. Retrieved
366:
357:
345:. Retrieved
340:
331:
319:. Retrieved
314:Fox Business
312:
303:
291:. Retrieved
285:
275:
263:. Retrieved
257:
247:
235:. Retrieved
229:
219:
205:
198:
183:
176:
173:
165:
162:
128:
127:
80:Derrick Fung
62:Headquarters
940:Pepsi Stuff
897:RetailMeNot
867:Cashrewards
756:MileagePlus
741:Flying Blue
572:Rebate card
425:26 December
399:26 December
373:13 February
347:26 December
321:25 December
293:26 December
265:25 December
237:26 December
194:Canopy Labs
158:millennials
988:Categories
786:Qualiflyer
726:Asia Miles
721:AAdvantage
681:PC Optimum
501:2019-10-03
479:August 26,
453:6 February
367:TechCrunch
211:References
54:2015-08-25
907:Swagbucks
746:KrisFlyer
736:EuroBonus
686:Speedpass
593:Air Miles
581:Coalition
420:Techvibes
137:Starbucks
902:ShopBack
859:cashback
791:SkyMiles
708:programs
671:MYER one
588:Aeroplan
231:Popsugar
186:series A
102:joindrop
87:Industry
550:General
474:Betakit
394:BetaKit
170:Funding
154:Android
133:Sephora
121:Android
70:Ontario
66:Toronto
52: (
44:Founded
38:Private
882:IGraal
877:Ibotta
676:Nectar
618:Scene+
613:Plenti
341:Pymnts
143:, and
917:Scrip
598:Belly
712:list
603:Drop
481:2021
455:2018
447:CNBC
427:2017
401:2017
375:2018
349:2017
323:2017
295:2017
267:2017
239:2017
141:Uber
129:Drop
119:and
104:.com
152:or
150:iOS
117:iOS
97:URL
990::
472:.
444:.
418:.
392:.
365:.
339:.
311:.
284:.
256:.
228:.
196:.
160:.
139:,
135:,
68:,
856:/
714:)
710:(
640:/
535:e
528:t
521:v
504:.
483:.
457:.
429:.
403:.
377:.
351:.
325:.
297:.
269:.
241:.
56:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
