Drip, a Brazilian fintech that offers installment payment solutions via PIX, received an $8M investment from SRM Asset, the Venture Capital arm of SRM Ventures. In addition to the investment, the companies are also signing a partnership with Drip leveraging the Wefin platform, SRM Group’s technological front, to streamline its credit operations.
Since its launch, Drip’s billing has grown by 25% per month, and has more than 500 active stores registered on the app, including multinationals such as Nike, Shein, and Shopee.
In order to access the app, users must complete a registration process, undergo security measures, and receive a personalized credit limit. Drip also offers cashback of up to 10%.
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