In episode 914 of Shark Tank, Dr. Hector Rodriguez and Maria Luna pitched their app called Bravo. This app allows users to tip and pay service providers with their smartphones. The husband and wife team came up with this idea when they couldn’t tip their hiking guide back in 2013. The app has a GPS feature that shows nearby service providers who accept Bravo. The company has processed $1 million in transactions since its inception.
- The Bravo app, pitched on Shark Tank episode 914, enables users to tip and pay service providers using their smartphones.
- Bravo has a GPS feature that helps users find nearby service providers who accept the app.
- The company has processed $1 million in transactions since its establishment.
The Bravo App and its Features
The Bravo app offers a convenient solution for users to tip and pay service providers directly from their credit or debit cards. Whether you’re dining at a restaurant or enjoying a guided tour, Bravo streamlines the payment process with its user-friendly interface and secure transactions. Alongside its payment capabilities, the app boasts a powerful GPS feature that allows users to effortlessly locate nearby service providers in their area.
By entering their banking information into the app, both users and service providers can enjoy the peace of mind that comes with secure transactions. Plus, Bravo charges a minimal 2% processing fee for each transaction, making it an affordable choice for both parties involved.
Experience the convenience of Bravo app and its innovative features:
- Seamless payment process directly from credit or debit cards
- GPS feature to easily find nearby service providers
- Secure transactions with encrypted banking information
- Minimal 2% processing fee
Discover how the Bravo app revolutionizes the way you tip and pay service providers:
“The Bravo app has simplified my life by eliminating the need for cash and giving me the ability to tip my service providers with just a few taps on my phone. The GPS feature makes it incredibly easy to find nearby providers, saving me time and effort.” – Sarah, Bravo user
Comparison of Bravo App with Competitor Apps
|Tipping and Payment
Stay connected to your favorite service providers and enjoy the ease and convenience provided by the Bravo app. With its powerful GPS feature and secure transactions, Bravo is the perfect choice for tipping and paying service providers. Start using Bravo today and experience a new level of convenience.
The Shark Tank Pitch and Deal
During their Shark Tank pitch, Hector and Maria presented their business, Bravo, and made an enticing offer to the Sharks. They sought a $150,000 investment in exchange for a 5% stake in their company. The couple showcased Bravo’s unique features and explained how it revolutionizes the way users tip and pay service providers.
Unfortunately, their pitch didn’t resonate with all the Sharks. Barbara seemed confused and opted out early, followed by Kevin and Alex. However, Lori and Mark saw the potential in Bravo and were willing to make a deal. They offered the requested $150,000 investment but asked for a higher equity stake of 15%.
Hector and Maria countered Lori and Mark’s offer, proposing a 10% equity stake and additional 2% advisory shares for both Lori and Mark. Ultimately, a deal was struck, and the Sharks agreed to invest in Bravo.
“It was a tough negotiation, but we believe in the potential of Bravo and are excited to work with Hector and Maria,” said Lori.
However, despite the agreement on the show, the partnership with Lori and Mark never materialized after filming concluded.
Bravo Shark Tank Update
After their appearance on Shark Tank, Bravo continued to operate and even rebranded itself as FAMIGO in September 2021. The company offers a content creation platform that provides independent artists control over their brand. They have added subscription-based offerings, direct paid messages and shout-outs, global payment options, and improved user experience. As of June 2021, the company had annual revenue of $2 million.
Pros of Using Bravo
The Bravo app offers numerous advantages that make it a preferred choice for users. Let’s explore the key benefits of using Bravo:
1. Convenient Service Provider Discovery
The Bravo app’s GPS feature allows users to effortlessly locate nearby service providers within their area. This eliminates the need for extensive research and saves valuable time.
2. Secure Transactions
With Bravo, users can rest assured that their transactions are secure. The app collects banking information from both the users and service providers, ensuring safe and trustworthy transactions.
3. Quick and Cashless Payments
Bravo provides a fast and easy way to tip or pay service providers without the hassle of carrying cash. Users can conveniently make payments directly from their credit or debit cards through the app.
To summarize, Bravo offers a range of benefits, including effortless service provider discovery, secure transactions, and quick cashless payments. It revolutionizes the way users interact with service providers, providing a seamless and convenient experience.
Cons of Using Bravo
While there are many advantages to using Bravo, there are also a few drawbacks. One of the main cons is the 2% processing fee charged for each transaction, which can add up over time. This fee may be a concern for users who frequently use the app for tipping and paying service providers.
Additionally, the transfer of money to the service provider’s bank account can take up to three days, which may not be ideal for those looking for immediate payment. This delay may inconvenience some users, especially if they rely on prompt transactions for their business or personal needs.
While these cons should be considered, it’s important to note that Bravo offers many benefits as well. The decision to use the app would depend on the individual’s preferences and priorities.
“The processing fee can be a drawback for frequent users, and the three-day money transfer time may not suit those seeking immediate payment.”
Who Can Benefit from Bravo
The Bravo app is beneficial for anyone looking to easily locate and pay service providers in their area. This includes people wanting to tip restaurant servers, tour guides, and various other service providers. The app simplifies the process of tipping or paying by eliminating the need for cash and offering a secure payment method.
|Benefits of Bravo
|Convenient payment solution
|Eliminates the need for cash
|GPS feature for locating service providers
With Bravo, users can easily access a wide range of service providers in their area, making it convenient for various tipping or payment transactions. Whether you’re dining out, exploring new places, or engaging with service professionals, Bravo ensures a hassle-free and secure payment experience.
“Bravo has revolutionized the way we tip and pay service providers. It’s incredibly convenient and eliminates the need for carrying cash. I use it regularly when dining out, and it has made the entire process seamless.” – Sarah, Bravo user
Alternatives to Bravo
While Bravo offers a unique service, there are several alternatives available in the market that can also provide a secure and convenient way to make payments. Here are some popular alternatives to consider:
- Venmo: Venmo is a widely used payment app that allows users to send and receive money easily. It offers features such as splitting bills, making purchases, and even sending money to friends and family.
- Payoneer: Payoneer is a global financial services company that provides online money transfer and digital payment services. It offers a range of features including multiple currency accounts, prepaid debit cards, and the ability to receive payments from clients and marketplaces.
- Xoom: Xoom is a digital money transfer service that allows users to send money, pay bills, and reload phones internationally. It offers fast and secure transfers to over 130 countries and supports various payment methods.
While these alternatives provide similar functionalities to Bravo, each platform has its own unique features and benefits. Bravo differentiates itself with its GPS feature and focus specifically on service providers, making it an attractive choice for users looking for a convenient way to tip and pay.
Comparison of Bravo App Alternatives
|Focus on service providers
|Free for most transactions
|Up to 3 days
|Instant (to Venmo balance)
Other Pitches from the Same Episode
In addition to the Bravo app pitch, Shark Tank Season 9 featured several other interesting and innovative product pitches. Let’s take a closer look at some of the highlights:
Portable Photo Booth
One of the pitches presented a portable photo booth that aimed to revolutionize event photography. The entrepreneurs showcased a compact and easy-to-use photo booth that could be set up anywhere, providing a fun and interactive experience for partygoers. The Sharks were intrigued by the product’s potential for weddings, corporate events, and parties, but ultimately decided not to invest.
Healthy Smoked Fish Dip
Another pitch focused on a unique and healthy smoked fish dip. The entrepreneurs introduced a delicious and nutritious dip made from sustainably sourced fish, blended with flavorful herbs and spices. The Sharks expressed interest in the product’s taste and health benefits, but some raised concerns about market demand and distribution. Despite positive feedback, no deal was made.
Hairbrush for Kids
A third pitch centered around a special hairbrush designed specifically for children. The entrepreneurs showcased a brush with soft bristles and a gentle detangling feature, making it easier for parents to manage their kids’ hair. The Sharks praised the product’s innovation and usefulness, recognizing the potential in the children’s market. However, negotiations fell through as the entrepreneurs were unable to meet the Sharks’ financial terms.
Each of these pitches brought its own unique product and business concept to the Shark Tank stage. While not all of them secured deals with the Sharks, they demonstrated the creativity and entrepreneurial spirit that drives the show’s success.
Summary Table: Other Pitches from the Same Episode
|Portable Photo Booth
|Interested, but no deal
|Healthy Smoked Fish Dip
|Interested, but no deal
|Hairbrush for Kids
|Interested, but no deal
Our Final Thoughts on Bravo
Our Final Thoughts on Bravo
After a comprehensive review of the Bravo app, it is clear that this unique platform has successfully carved out its space in the market. The app’s concept of tipping and paying service providers through a mobile device is innovative and convenient.
Despite not securing a deal with Sharks Lori and Mark, Bravo has continued to thrive and generate revenue. The recent rebranding of the app as FAMIGO demonstrates the company’s commitment to adapt and evolve in response to user feedback.
One of the standout features of Bravo is the GPS function, which allows users to easily locate nearby service providers who accept Bravo payments. This feature eliminates the need for extensive research and ensures that users can find the right service provider based on their location.
While Bravo’s 2% processing fee and transfer times to service providers’ bank accounts may be minor drawbacks, they are outweighed by the app’s overall benefits. Bravo offers a secure and efficient method of payment without the need for cash, making it an ideal option for users looking for a convenient way to tip or pay service providers.
Q: How does the Bravo app work?
A: The Bravo app allows users to tip and pay service providers directly from their credit or debit cards. It also includes a GPS feature to help users find nearby service providers.
Q: What is the processing fee for transactions on Bravo?
A: Bravo charges a 2% processing fee on each transaction.
Q: What happened to the deal made on Shark Tank?
A: The deal made with Lori and Mark on Shark Tank did not materialize.
Q: What updates have been made to Bravo since its appearance on Shark Tank?
A: Bravo rebranded itself as FAMIGO in September 2021 and now offers a content creation platform for independent artists, subscription-based offerings, direct paid messages and shout-outs, global payment options, and improved user experience.
Q: What are the benefits of using Bravo?
A: Using Bravo allows users to find service providers in their area, make secure transactions, and tip or pay without the need for cash.
Q: Are there any drawbacks to using Bravo?
A: One drawback of Bravo is the 2% processing fee charged for each transaction. Additionally, money transfers to service provider’s bank accounts can take up to three days.
Q: Who can benefit from using Bravo?
A: Bravo is beneficial for anyone wanting to easily locate and pay service providers, including restaurant servers, tour guides, and others.
Q: Are there alternatives to Bravo?
A: Yes, popular alternatives to Bravo include Venmo, Payoneer, and Xoom.
Q: What were some of the other pitches on the same episode of Shark Tank?
A: Other pitches on the same episode included a portable photo booth, a healthy smoked fish dip, and a hairbrush for kids.
Q: What is our final thought on Bravo?
A: Bravo has proven to be a successful app with its unique concept and features. Despite the deal on Shark Tank not working out, the company has continued to grow and evolve in the market.