Invest in Drip (YC S22)

We're drip, a buy-now-pay-later service for Brazil.Since launching in April, monthly revenue growth has reached 150%, with 8.5k customers already using the app. Our team has experience in multiple realms of banking. Having built Fintech products for over 50M people, we bring valuable market expertise and adaptability to drip. Whilst BNPL is a habit being created in the US, Brazilians already split 30% of their retail payments in installments. Existing credit cards fail to provide effective credit limits, proven by the fact that over 40% of cardholders say they would switch providers for this reason. Drip helps people stay within their credit limit by creating a separate credit line so installments don't affect credit card limits. Besides this, drip offers multiple benefits such as faster and safer payments, capped late fees and more rewards. Drip is currently operating in the $5B market of e-commerce payments but intends to expand to B&M shopping, reaching a $37B+ market.