I hope you’ll join us at this HBSCNY event on 5/26, 6pm (virtual.)
Consumers have changed their spending, saving, and investing behaviors dramatically as a result of the pandemic. Drop leverages a unique view into $40B of real-time spend data and survey capabilities to uncover the what and why. Derrick Fung, CEO of Drop, will discuss what Drop has learned and what their data predicts about:
– Post-COVID consumer behavior
– The impact of the stimulus checks on consumer spend
– Usage of Buy Now Pay Later
– The rise of the retail investor
– Profiles of crypto consumers
Drop is an intelligent rewards platform built on real-time spend data. Users link their debit and credit cards to earn points for shopping at their favorite brands and engaging with surveys, games and contests. Drop’s direct relationship with members enables them to offer investors a safe and ethically sourced way to gain valuable insight into consumer’s spending.
Derrick Fung, CEO of Drop, is an entrepreneur and former foreign exchange trader. He is best known as the founder and CEO of Tunezy, a music company founded in Toronto, Ontario and now based in New York City. Tunezy was acquired in 2013 by SFX Entertainment.
Our moderator: Jeremy Baksht, Chief Growth Officer of Gourmet Growth, a VC backed financial technology platform that offers capital-as-a-service to emerging SMBs. Jeremy previously led alternative data products at Bloomberg as well as co-founding or accelerating 3 FinTech Cos. Jeremy was a vice president at Citi in Global Industrials Investment Banking and is a seed investor at DataFrame Ventures. Jeremy has invested or advised 30+ companies in tech & data analytics.
Disclosure: I’m an investor in Drop via both ffVC and HOF Capital.