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    Derrick Fung

    CEO of Drop

    Derrick Fung is the CEO and Co-founder of Drop, a mobile rewards app that allows users to earn points on everyday spending across various debit and credit cards. Under his leadership, Drop has gained significant traction, amassing over 3 million members and ranking in the top three apps in both Canada and the U.S..13

    Background and Education

    Born on October 19, 1987, in North York, Ontario, Canada, Derrick Fung attended York Mills Collegiate and later graduated from the University of Toronto Scarborough with a Bachelor of Business Administration. During his university years, he interned at notable firms such as Microsoft and Merrill Lynch, where he worked on the trading floor.34 He was recognized for his leadership potential with the Gordon Cressy Award in 2010.

    Career Path

    Before founding Drop in 2016, Derrick Fung was an accomplished foreign exchange trader at various investment banks, including Merrill Lynch and BNP Paribas. He also co-founded Tunezy, a music company that was acquired by SFX Entertainment in 2013. At SFX, he became one of the youngest Vice Presidents at age 26, focusing on global business development.134

    Achievements

    Fung has received accolades such as being named to Forbes' 30 Under 30 list in Music in 2014. He has also been involved in various entrepreneurial ventures and has contributed to discussions on leadership through platforms like LinkedIn.23

    Current Focus

    At Drop, Derrick Fung aims to enhance user experience by making the rewards platform more personalized. However, he has faced criticism regarding the app's fulfillment of rewards commitments to users.13

    Highlights

    Sep 20 · en.wikipedia.org
    ديريك فونغ (Derrick Fung)
    Jul 21 · Toronto Star
    Advice | Consumers lean on loyalty programs to help manage runaway inflation - Toronto Star
    Consumers lean on loyalty programs to help manage runaway inflation - Yahoo Canada Finance

    Related Questions

    What inspired Derrick Fung to start Drop?
    How did Derrick Fung transition from finance to entrepreneurship?
    What challenges did Derrick Fung face when launching Drop?
    How did Derrick Fung's experience at Merrill Lynch influence his career?
    What are some key achievements of Derrick Fung in his career?
    Derrick Fung
    Derrick Fung, photo 1
    Derrick Fung, photo 2
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    Location

    Canada