YapStone, a San Francisco Bay area – based global provider of web and mobile payment technology solutions for large vertical markets and online marketplaces, closed $60M financing package.
Comerica Bank and Bregal Sagemount provided the funds.
This financing enables the company to accelerate its growth initiatives in its existing markets and pursue growth opportunities in new verticals and new marketplaces.
Founded in 1999 and led by Tom Villante, Chairman & CEO, YapStone provides a platform that powers electronic payments for international online and mobile marketplaces, including HomeAway® and VRBO®, as well as for targeted, large vertical markets, including apartment and vacation rentals, HOA communities, self-storage and non-profits.
The company has raised over $110m in capital from investors including Accel Partners and Meritech Capital. YapStone also has offices in and Santa Monica, California and Ireland.