Bravo Update

Bravo Update | Shark Tank Season 9

Bravo, a payment platform, was featured on Shark Tank during Season 9 and included two dedicated entrepreneurs that wanted to earn a deal from any of the sharks. They came onto the show asking for an investment of $150,000 in exchange for just 5% equity. Before we move forward and provide a Bravo update, let’s see which sharks were interested in making a deal.

Shark Tank Bravo Update

Bravo Update

  • Entrepreneurs: Maria del Carmen Luna and Hector Rodriguez-Luna
  • Business: Blockchain Technology for Payments and Tips
  • Ask: $150,000 for 5% equity
  • Result: $150,000 for 10% equity + 4% advisory shares
  • Sharks: Mark Cuban and Lori Greiner

With much of Bravo’s efforts being located within the state of Arizona, Maria del Carmen Luna and Hector Rodriguez-Luna told the sharks that they believed that their platform and technology were more secure than platforms like PayPal and Venmo.

The sharks seemed interested and wanted to take a closer look at the vision that Maria and Hector had for their company.

With more than $1 million dollars being processed through the app since launching the platform, Bravo had only collected a small number of processing fees as their own revenue.

For those reasons, several sharks dropped out, however, Lori Greiner and Mark Cuban were willing to partner up and make an offer of $150,000 dollars in exchange for 10% equity and 4% advisory shares.

Maria and Hector ultimately accepted Mark and Lori’s offer. Our Shark Tank Bravo update is a little bit discouraging because the deal was actually never finalized after the show was filmed.

The company went on to make a few million dollars in estimated revenue per year before eventually being rebranded to FAMIGO.

Similar technology is used for the redesigned FAMIGO platform that uses a slightly different paid business model to send messages or experience e-commerce in a new type of way.

You can find the other company updates from Season 9 here:

Don’t forget to take a look at our Season 9 products page! We’ve got more company updates from Shark Tank Season 9.

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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!