Dr. Hector Rodriguez and Maria Luna hope to tip off the Sharks when they pitch Bravo, their app which lets you tip service providers with your smart phone, in episode 914. The husband and wife team came up with the idea after they couldn't tip their hiking guide back in 2013. The couple has other businesses, but they're medical related as Hector is a gastroenterologist. They wanted a technology business and saw their problem as an opportunity.
Bravo app lets you tip and/or pay service providers that also use it. There is a GPS feature that shows users nearby providers. Anyone from a restaurant server to a tour guide can accept the app. Each user and service provider provides banking information to the app so they can pay or be paid, but no personal information gets exchanged.
Users pay directly from a credit or debit card and providers get paid directly into their account. Money arrives in 1-3 days. It's simple and it eliminates the need to carry cash. Bravo is free to use. They make their money through a 2 percent fee on each transaction. Bravo needs to scale and they hope a Shark will help them.
Will a Shark want an encore with this business?
Bravo Company Information
Posts about Bravo on Shark Tank Blog
Bravo Shark Tank Recap
Hector and Maria will pitch the panel of five Sharks on the business and its prospects for growth. They'll need to convince Mark Cuban, Barbara Corcoran, Kevin O'Leary, Lori Grenier, and Alex Rodriguez that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but they’ll need to show them THEY are capable of running the company to “Shark standards." A full pitch re-cap on Bravo will be available on Shark Tank Blog once this episode airs.
Bravo Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Bravo & Dr. Hector Rodriguez and Maria Luna more details become available.