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
People
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
Further reading
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Documentaries, videos and podcasts
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Companies