YapStone is a global online and mobile payments platform for global marketplaces and large vertical markets. The company focuses on larger-ticket -- and often recurring -- payments. Unlike the smaller, high volume payments market, this niche has not been served with a technology-driven solution historically and has instead relied primarily on physical checks. YapStone provides a full-stack online payments solution that provides its partners with risk underwriting, onboarding and processing for their big-ticket invoices. The company can customize these solutions with features such as flexible pricing to multiple payments channels and mitigated chargeback risks.
Key YapStone customers currently include HomeAway®, VRBO®, and thousands of apartment rental and vacation rental companies (including some multifamily REITs), homeowners’ associations, and self-storage companies. The company processes over $18B in payment volume annually and has raised $110 million in funding from investors including Accel Partners, Meritech Capital and Bregal Sagemount. Headquartered in Walnut Creek, CA, YapStone has additional U.S. offices in San Francisco, CA, Santa Monica, CA, and Austin, TX, with international operations in Drogheda, Ireland.
*Based on Preferred Stock Price, YapStone does not have a stock symbol since it is currently private and is yet to have an IPO.
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