YapStone, a Walnut Creek, California-based provider of global payments solutions for large marketplaces, closed a $71m Series C funding.
The round was led by Premji Invest with participation from Mastercard, Accel and Meritech Capital Partners.
The company, which has raised over $180m in total funding, intends to use the capital to expand its product offering, broaden its geographic footprint and pursue mergers and acquisitions to accelerate growth.
Led by Tom Villante, Co-Founder and CEO, YapStone provides a portfolio of online and mobile payment solutions for marketplace and software customers to monetize transactions flowing through their platforms and improve conversion while minimizing capital and operational expense. Customers can auto on-board in seconds and take advantage of the company’s full range of payment methods for consumers, flexible global payouts to merchants, instant and deferred funding, and split payments functionality.
YapStone’s solutions powers electronic payments for sharing economy marketplaces, such as HomeAway® and VRBO®, and thousands of apartment and vacation rental companies, homeowners’ associations, self-storage companies, and many other markets.
The company has additional offices in Santa Monica, California, Austin, Texas, and Ireland.