Drip provides a mobile‑first "Pix Parcelado" service that lets Brazilian shoppers split any purchase into three interest‑free installments paid via Pix, with instant approval and no credit‑card requirement. The app creates a virtual account for users, tracks payments and offers 2% cashback, while merchants can integrate Drip through a simple plugin to access a network of over 300 retailers and choose flexible settlement options.
Funding
$8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Consumers in Brazil often face limited payment options that force them to pay the full amount upfront or use high‑interest credit cards, while many merchants lack flexible financing solutions that can boost conversion and average order value.
Solution
Drip offers a mobile‑first “Pix Parcelado” service that lets shoppers split any purchase into three interest‑free installments paid via Brazil’s instant payment system (Pix). The user selects Drip at checkout, receives an instant approval, and the app creates a virtual Drip account without requiring a traditional credit card or lengthy registration. Merchants integrate Drip through a simple plugin or by listing their store in the Drip app, gaining access to a network of over 300 partner retailers. The platform also provides a dashboard for users to track purchases, manage installment payments, and prepay if desired, while merchants can choose when to receive funds (immediate or delayed).
Target Audience
Primary users are Brazilian online and offline shoppers seeking affordable financing, and e‑commerce merchants and brick‑and‑mortar retailers looking to increase checkout conversion and average ticket size.
Features
- Interest‑free three‑month installment payment via Pix, with zero hidden fees
- Instant approval and checkout integration requiring no card details or extensive sign‑up
- Mobile app that consolidates all Drip purchases, shows payment schedules, and allows early repayment
- Merchant plugin that can be installed in minutes without developer assistance
- Flexible settlement options for merchants (same‑day or delayed cash flow)
- Cashback incentive of 2 % on purchases made through Drip
- Network of over 300 partner stores accessible directly from the app