Shark Tank Bravo Update 2026

Hector Rodriguez and Maria Luna faced a tipping challenge in 2013. This inspired them to create Bravo, a tipping and payment app that eliminates the need for cash by enabling electronic payments to service providers. They believe the app’s convenience will attract an investor on Shark Tank to help expand their business. Let’s find out which sharks showed interest in our pitch recap and Bravo update.

If you’re short on time, here’s a quick overview of what happened to Bravo after Shark Tank.

Hector and Maria pitched their tipping and payment app on Shark Tank Season 9, seeking $150,000 for a 5% equity. They reached an agreement with Lori Greiner and Mark Cuban for $150,000 in exchange for 10% equity and 4% advisory shares.

In terms of a Bravo update, the company has now been rebranded as FAMIGO and continues to operate successfully. They’ve even incorporated cryptocurrency payments and boast a healthy annual revenue of $2 million.

Shark	Result
Lori Greiner and Mark Cuban	Accepted offer of $150,000 for 10% equity + 4% advisory shares
Barbara Corcoran	No offer
Alex Rodriguez	No offer
Kevin O’Leary	No offer

Shark Tank Bravo Pitch

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

Hector and Maria entered Shark Tank with the goal of making Bravo a household name across America.

The Bravo app was inspired by a real-life experience: during a 2013 hiking trip, the couple couldn’t tip their guide because they had no cash. This personal inconvenience sparked the idea of a technology-based solution.

Although Hector was a gastroenterologist, he saw an opportunity to simplify tipping and payment services.

Bravo is a mobile app that works on blockchain technology to make tipping and payments secure and convenient, eliminating the need for physical cash.

The app prioritizes user privacy, ensuring no additional personal information is exchanged during transactions and employing robust security measures to protect funds.

Bravo facilitates direct payments to service providers’ bank accounts, generating revenue through a 2% convenience fee and a $5 subscription plan.

Customers pay the convenience fee for each transaction, while businesses can opt for the subscription plan to integrate Bravo as their payment method and gain valuable insights into consumer behavior.

Meanwhile, a shark’s investment could help Hector and Maria take Bravo to new heights and achieve their dream of widespread adoption.

They have already signed up 25% of service providers in Arizona and processed over a million dollars in the past three years. Hector and Maria claim their platform is more secure than PayPal and Venmo.

As a result, the sharks showed interest and wanted to learn more. Maria explained the app’s data aggregation features to provide further insight into its functionality.

However, Barbara Corcoran found the explanation confusing and didn’t understand the business model. She was the first shark to leave the deal.

Kevin O’Leary also bowed out because he believed the business required more investment than they were seeking.

Furthermore, guest shark Alex Rodriguez thought the business model was too complicated and dropped out.

Lori Greiner and Mark Cuban made a joint offer of $150,000 for 15% equity. Maria countered with $150,000 for 10% equity and 2% advisory shares.

Mark agreed, provided he and Lori each received 2% advisory shares. After some deliberation, Hector and Maria accepted the offer, making a deal with Lori and Mark.

Was this the best decision for Hector and Maria? Find out in our Bravo update.

Shark Tank Bravo Update

Unfortunately, the deal with Mark and Lori never materialized. However, in 2019, the company introduced cryptocurrency payments.

In September 2021, the company was rebranded to FAMIGO and is currently available for download in the Apple Store under the new name.

This rebranding marked a strategic shift towards supporting content creators and their followers.

A press release highlights, “FAMIGO’s content creation platform provides independent artists full control of their brands by offering the same powerful suite of capabilities that other platforms reserve for megastars.”

Additionally, FAMIGO offers several benefits to creators, including flexible subscription plans, direct fan engagement through paid messages and personalized shout-outs, the ability to sell a variety of digital and physical products directly to their audience, and an enhanced user experience that fosters stronger connections between creators and fans.

Furthermore, the company continues to thrive, boasting an annual revenue of $2 million.

Despite not finalizing the deal with the sharks, Hector and Maria have elevated their business to greater heights.

This Bravo update is undoubtedly a success.

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

We’ve got more updates on our Shark Tank Season 9 page!

Andrew Smith

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Andrew is a lifelong fan of Shark Tank and an entrepreneur at heart. He started Shark Tank Recap because he wanted a single place to track what happens to the companies, founders, and deals after they air on TV. With a sharp eye for business insights and a passion for all things Shark Tank, Andrew makes sure every recap is accurate, engaging, and fun.