• FOUNDING YEAR: 1999
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    9 Sep, 2019

Description

FOCUS

PRODUCTS & SERVICES:
The company offers four main products such as Pay, Protect, Blend, and Focus. Pay: It enables customers to send and receive payments on any device. Protect: It provides sophisticated security tools for customers that help them to manage risk, combat fraud, and minimize chargebacks. It uses tokenization technique to provide safety for customer account details. Blend: It can easily integrate with other payment/software APIs. Focus: It simplifies the business reporting process and also streamlines all administrative tasks in a single platform. The company offers customized payments services for online market places.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
HomeAway, Vacation Rental Pros, VBRO, KIGO, LiveRez, RNS, RealTimeRenta, etc.
EXISTING PARTNERSHIPS:
In March 2019, the company partnered with Priority Technology to create a real estate payments venture within Priority Real Estate Technology (PRET). In July 2018, the company partnered with PPRO Group to bring APMs (alternative payment methods) to global marketplaces. Some of the other partners include TransUnion, SmartMove, Yardi, MRI Software, SS&C, Skyline, etc.
COMMENT
YapStone's Transact platform is built on a foundation of micro-services which lets the company customize solutions specific to marketplaces. The platform features include the acceptance of global alternative payment methods (APMs), simplified micro-merchant onboarding & payouts, a set of industry-centric APIs, and a comprehensive developer portal.

PEOPLE

Board Members and Advisors:
Matt Golis, Tom Villante, Brian Webber, Sameer Gandhi, , George Bischof.
NUMBER OF EMPLOYEES:
201-500
INVESTORS:
Silversmith Capital Partners, 2020 Ventures, Texas Ventures, PennSpring Ventures, Mastercard, Accel, Meritech Capital Partners, Premji Invest, Comerica, Bregal Sagemount, Gilbert Global Equity Partners, TPG, and Colony NorthStar.
KEY EMPLOYEES:
Tom Villante (CEO); David Weiss (President); Sanjay Saraf (CTO); Jerry Ulrich (CFO); David Durant (Chief Compliance Officer); Mike Gramz (Chief Risk Officer); Debra Tenenbaum (Chief People Officer)

TRACTION

VALUATION / MARKET CAP:
$480 MM in 2018
VALUATION COMMENT
According to third-party data sources, the company's valuation is at ~$480 million. (Feb. 2018)
REVENUE:
$10M+ in 2014
REVENUE COMMENT:
Viewable by subscribers only
TRANSACTIONS VALUE:
$20 Billions in 2019

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$126.4 Millions
DATE OF LAST FUNDING:
Feb 2018
TOTAL FUNDING COMMENT:
The company will use its funds to expand geographically and to work on new technologies. (Feb. 2018)
FUNDING SERIES:
SERIES A
$2 Millions Closed: Apr 2000
SERIES C
$71 Millions Closed: Feb 2018
DEBT FUNDING:
$60 Millions
LISTED:
NO
COMMENT:
The company has raised a total funding amount of $53.4 million in multiple venture rounds.

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