Industry
FinTech
Current Round
Pre-seed
Year of Investment
2023
Website
https://dropsapp.co/
Actively Raising
Yes
No
ESG / Impact
Yes

Thirty years ago, people would physically go to a bank to obtain “one-size fits all” financial products. In the last two decades, those financial products are now at users’ fingertips through their digital devices. In the coming years, we believe that financial services will become more tailored & operate silently in the background to empower each users’ lifestyle. Drops aggregates data through open banking rails to personalise financial services to a market segment of one - starting with saving and investing. Leading indicators for savings and investment in the Middle East are lagging behind comparable economies. Despite having high incomes, the individual savings rates for people in the UAE & Saudi Arabia are significantly below 10%. We tap into existing habits of consumption to create positive financial behaviours that enable users to tailor and automate their saving and investment journeys on the Drops platform. Our current product offerings include multiple saving mechanics, a range of diversified investment portfolios & Save-Now-Buy-Later to empower large purchases.

Theresa Webb

CEO
10+ years in HRTech industry
LinkedIn

Theresa Webb

CEO
10+ years in HRTech industry
LinkedIn

Theresa Webb

CEO
10+ years in HRTech industry
LinkedIn
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