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Yapstone is a provider of online and mobile payment solutions for global marketplaces, software, and large vertical markets, powering electronic payments for sharing economy platforms, such as HomeAway and VRBO, software companies, such as Kigo, and thousands of apartment and vacation rental companies, homeowners' associations, self-storage companies, and many other markets.
YapStone is a platform that provides payments & processing services for both web and mobile channels. It offers solutions for online marketplaces and large industrial markets such as real estate, homeowners associations, and vacation rentals. The company has been recognized on the Inc. 5000 list of the Fastest-Growing Private Companies for 10 consecutive years.
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.
The company earns revenue by charging a small percentage of the processing fee per transaction.
Vacation Rental Pros
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
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.
VALUATION / MARKET CAP:
$480 M in 2018
According to third-party data sources, the company's valuation is at ~$480 million. (Feb. 2018)
$10M+ in 2014
According to third-party news sources, the company annual revenue was $270 million in 2017.
$20 B in 2019
BOARD MEMBERS AND ADVISORS
and George Bischof.
NUMBER OF 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)
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company will use its funds to expand geographically and to work on new technologies. (Feb. 2018)
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES B · $50 M · Jun 2011
SERIES C · $71 M · Feb 2018
OTHERS · $3.4 M · Aug 2009
The company has raised a total funding amount of $53.4 million in multiple venture rounds.
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