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Yapstone

Yapstone

Yapstone provides flexible and customizable payment solutions.

Founded in 1999, Yapstone is an electronic payment solutions provider. They initially were known for their e-payment features for rental verticals, which allowed landlords to organize payments into categories such as security deposits, late fees, and monthly rent, and allowed renters to pay with their credit card.



Since then, Yapstone grew into payment flows and marketplace specific options, such as those offered in real estate or sharing economy businesses. Yapstone also collects data for bookkeeping and accounting for partnered businesses, and possibly reducing cost for those businesses.

Transact

Yapstone's Transact platform addresses the complexity and evolving industries which require payment services and works to adhere to updated regulations and protect against fraud. The platform also allows customization for individual business models through Transact's foundation of micro-services.

Funding

Series A

Announced in April, 2000, Yapstone raised $2 million in funding. Villante Capital Partners led the round, which included investments from TPG, Imperial Capital and Gilbert Global Equity Partners.

Venture funding - 2009

Raised in 2009, Yapstone raised $3.4 million in an unannounced funding round. Investors were undisclosed. 

Venture Funding - 2011

In another undisclosed funding round, Yapstone raised $50 million. Accel Partners led the round which included Meritech Capital Partners.

Debt Financing

Announced in March of 2015, Yapstone secured $60 million in a Debt Financing package with Comerica Bank and Bregal Sagemount. Yapstone committed the funding to grow in current and new markets. 

Series C

Announced in February 2018, Yapstone raised $71 million. Premji Invest led the round, with participation from MasterCard, Accel Partners and Meritech Capital Partners. The Series C would finish once reaching $100 million according to the Form D filed with the SEC. The February announcement valued Yapstone at $471 million.

Couchbase partnership

Yapstone announced a partnership with Couchbase, Inc. in April 2018 to grow its payment platform for global shared economies and marketplaces. Couchbase offers a NoSQL , cloud-based database for business-critical applications in a scalable platform.

PPRO Group partnership

In July 2018, Yapstone announced a partnership with PPRO Group. PPRO Group is a cross-border, e-payment provider who, through the partnership, will enable Yaptsone's Alternative Payment Methods (APMs) or Local Payment Methods (LPMs) across borders and expand Yapstones global reach.

Priority Technology Holdings, Inc. partnership

Announced in March, 2019, Priority Technology Holdings, Inc. partnered with Yapstone to build Priority Real Estate Technology, a subsidiary of Priority Technology. Priority Tehcnology provided merchant acquiring and commercial payment solutions. Yapstone will provide credit and debit card processing to Priority Real Estate Technology, as well as its real estate processing technology, property management contracts and customer relationships in rent, storage and dues markets. They will also hold a minority stake in Priority Real Estate Technology, which represents less than 10% of Yapstones overall market.

Timeline

Funding rounds

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People

Name
Role
LinkedIn

Afshan Kazi

Employee



Amir Sunderji

Employee



Anar Badralt

Employee



Andrew Elefant

Employee



Andy Palmer

Investor



Anthony Laudini

Employee



Antonio Alvarez

Employee



anurag singh

Employee



Ashish Gupta

Employee



Beverly Peplinski

Employee



Bill Evick

Employee



Bradley Cassani

Employee



Brent Parker

Employee



Brian Watson

Employee



Bruce E Holton

Employee



Bryan Cooper

Employee



Cameron Yuill

Investor



Cara Donnelly

Employee



Carlos Olivas

Employee



Cherise Olvera

Employee



Chyna Kimbrough

Employee



Crystal Lin

Employee



David Burke

Employee



Dionne McCray

Employee



Dorian Stewart

Employee



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