# CASHDROP: Information technology & services, Chicago, United States

> CASHDROP: CASHDROP is a mobile-first, contactless e-commerce platform designed for small business owners and entrepreneurs. Based in Chicago, United States.

Source: https://millionrounds.com/startup/cashdrop (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# CASHDROP

CASHDROP is a mobile-first, contactless e-commerce platform designed for small business owners and entrepreneurs.

Funding reported Last round: Seed

Information technology & services Chicago, United States

Company summary

- **Founded:** 2020 6 years old
- **Team:** 10 1 to 10 people
- **Funding reported:** $14M in dollars
- **Last round:** Seed Jan 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for CASHDROP has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About CASHDROP

CASHDROP is a mobile-first, contactless e-commerce platform designed for small business owners and entrepreneurs.

Founded in January 2020 and based in Chicago, Illinois, CASHDROP enables users to create and manage an online storefront from their smartphone in under 15 minutes, with no fees for merchants. The platform aims to make business ownership more accessible, particularly for mobile-native entrepreneurs and those with side hustles. The core offering is a mobile storefront builder that allows businesses to set up online shops without coding or app downloads. Key features include contactless ordering, automatic text updates for customers, sales analytics, and point-of-sale integration for in-person transactions. CASHDROP operates on a unique pricing model where merchants use the platform for free, while customers pay a 5% service fee at checkout. This approach allows businesses to sell without commissions, making it an attractive option for young entrepreneurs, creators, restaurants, and local vendors.

## What company datasets say CASHDROP raised

Funding, as reported

Reported in all **$14M** in dollars

Rounds **1**

Last round **Seed**

Last round size **$12M**

Last round date **Jan 2021**

## On a portfolio page

Investors who name them

- [The Josephine Collective](https://millionrounds.com/fund/the-josephine-collective)

Each firm lists CASHDROP on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

information technology & services it services & it consulting

Built with from their website

Google Workspace Google Meet Vercel Google Search Console Gmail

- **Sector:** Information technology & services
- **Industry code:** NAICS 51321, 51821
- **Region:** Illinois
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/cashdrop-2e69ba30ad)

## Information technology & services in United States

Startups like it

- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
- [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe)
- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

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