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COMPANY PROFILE

CASHDROP

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Mobile-first, commission-free e-commerce and point-of-sale platform

Chicago, United StatesFounded 2020
Valuation $0–100M Latest valuation · 2021
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for CASHDROP and the history behind them.

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

Source: Dealroom company data

At a glance

Status
Operational
Founded
2020
Headquarters
Chicago, United States
Employees
11
Open positions
None listed
Dealroom signal
63.8/100
Client focus
b2c

Latest news

Press, funding announcements and product moves mentioning CASHDROP.

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Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
OtherOther financing Jan 2022 $0 Kombo Ventures
SEEDEquity / VC Jan 2021 $12M $47M Cyan Banister · Scott Belsky · Harlem Capital Partners · M25
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

CASHDROP website traffic

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.

Latest monthly visits11K 3-month web change-35.3% 1-year team growth-8.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed7 investors entered at this stage

Other known investors2 additional known investors

  • Kombo Ventures
  • Josh Spear
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

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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