Add-on Acquisition • Internet Software and Services

Cornerstone Global Management Acquires Paydrop

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

Acquisition Context

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.

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

Target Company

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 Overview 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 Context for Buyer	#
Overall	1 of 1
Sector: Internet Software and Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: California	1 of 1
Country: United States	1 of 1
Year: 2022	1 of 1

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