Paydrop Overview

  • Year Founded
  • 2020

Year Founded

  • Status
  • Acquired/​Merged

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 1

Paydrop General Information

Description

Developer of a payment platform intended to modernize the way in which gig, freelance, and contract workers are paid and supported. The company's platform offers batch or scheduled payments for gigsters and contractors while also streamlining critical small business activities such as invoicing, time tracking, tax reporting, and compliance, integrating directly into gig economies or online communities through a full-featured API that can utilize the same payment features with minimal friction on the existing user base, thereby reducing complexity and driving down operational costs to create a more healthy and secure ecosystem for managing for the future of work.

Contact Information

Website
www.paydrop.com
Ownership Status
Acquired/Merged
Financing Status
Corporate Backed or Acquired
Corporate Office
  • 30700 Russell Ranch Road 250
  • Thousand Oaks, CA 91362
  • United States
Primary Industry
Other Financial Services
Other Industries
Application Software
Acquirer
GetHedge
Vertical(s)
FinTech
Corporate Office
  • 30700 Russell Ranch Road 250
  • Thousand Oaks, CA 91362
  • United States

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Paydrop Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Paydrop FAQs

  • When was Paydrop founded?

    Paydrop was founded in 2020.

  • Where is Paydrop headquartered?

    Paydrop is headquartered in Thousand Oaks, CA.

  • What industry is Paydrop in?

    Paydrop’s primary industry is Other Financial Services.

  • Is Paydrop a private or public company?

    Paydrop is a Private company.

  • What is Paydrop’s current revenue?

    The current revenue for Paydrop is .

  • When was Paydrop acquired?

    Paydrop was acquired on 28-Mar-2022.

  • Who acquired Paydrop?

    Paydrop was acquired by GetHedge.

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