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  6. Cornerstone Global Management Acquires Paydrop

M&A Deal Summary

Cornerstone Global Management Acquires Paydrop

On March 28, 2022, Cornerstone Global Management acquired internet software and services company Paydrop

Acquisition Highlights
  • This is Cornerstone Global Management’s 1st transaction in the Internet Software and Services sector.
  • This is Cornerstone Global Management’s 1st transaction in the United States.
  • This is Cornerstone Global Management’s 1st transaction in California.

M&A Deal Summary
Date 2022-03-28
Target Paydrop
Sector Internet Software and Services
Buyer(s) Cornerstone Global Management
Deal Type Add-on Acquisition

Target

Paydrop

Los Angeles, California, United States
Paydrop provides an array of financial and payment services for small businesses, single member enterprises and freelance workers. Paydrop is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Cornerstone Global Management

Brentwood, Tennessee, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

Cornerstone Global Management is a fintech company that transforms payroll into Bitcoin, Litecoin, Ethereum or stablecoins through its pay conversion platform, Hedge (www.gethedge.io). Cornerstone Global Management is based in Brentwood, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
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