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CASHDROP
Mobile-first, commission-free e-commerce and point-of-sale platform
About CASHDROP
Cashdrop is a technology company that provides a mobile-first, commission-free platform for e-commerce and point-of-sale operations. It enables businesses to create an online storefront directly from their mobile devices in a matter of minutes, without incurring monthly fees or commissions on sales. The platform is designed to serve a wide range of merchants, including restaurants, artists, and retailers, by offering tools for creating menus, selling merchandise, and processing payments.
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Founded in 2019 by Ruben Flores-Martinez, the company originated from his experience seeing his parents struggle with expensive and complex point-of-sale systems for their restaurant. This personal insight led to the creation of a more accessible and cost-effective solution. The platform integrates with major payment processors like Stripe and PayPal, allowing for direct payment to the vendor's bank account. Cashdrop's business model is centered on offering the core platform for free, with revenue generated from optional premium features and a small fee on certain transaction types if merchants opt for them.
The service includes features like QR code-based ordering, link-in-bio storefronts, and tools for managing both online and in-person sales. This allows businesses to consolidate their sales channels and manage operations efficiently. The company positions itself as a powerful, yet simple, alternative to established platforms like Shopify and Square, emphasizing its fee-free structure and ease of use. Keywords: e-commerce platform, point-of-sale, commission-free, mobile commerce, online storefront, QR code ordering, small business tools, restaurant tech, payment processing, link-in-bio
Latest news
Press, funding announcements and product moves mentioning CASHDROP.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| OtherOther financing | Jan 2022 | $0 | — | Kombo Ventures | ↗ |
| SEED✓Equity / VC | Jan 2021 | $12M | $47M | Cyan Banister · Scott Belsky · Harlem Capital Partners · M25 | — |
Growth signals
Latest recorded traffic for CASHDROP is 11K monthly website visits, down 35.3% over the last three months. CASHDROP's team declined 8.3% over the past year.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed7 investors entered at this stage
Harlem Capital Partners
M25
Long Journey Ventures
Cyan Banister
Scott BelskyFounder Collective
Michelle Phan
Other known investors2 additional known investors
- KVKombo Ventures
Josh Spear
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about CASHDROP on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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