YapStone builds payment services and marketplace-specific payment flows for marketplace businesses, with customers ranging from HomeAway to faith-based providers like ParishPay. Its platform handles marketplace risk and offers data and bookkeeping features beyond simple payments. The company processes over $18 billion in payments annually and has grown more than 35% annually for the last 10 years. YapStone differentiates by itemizing payments and creating flows suited to sectors such as property rentals. The company plans to use the new funding to expand geographically and to develop new technologies. YapStone provides web and mobile payment technology solutions tailored to large vertical markets and online marketplaces, powering platforms for customers such as HomeAway and VRBO. The company develops customized payment products and support for verticals including apartment and vacation rentals, HOAs, self‑storage and nonprofits. YapStone processes over $14B in transaction volume annually and has grown 30–40% per year over the past 15 years. Management says the company will use new capital to accelerate growth initiatives in existing markets and to pursue expansion into new verticals and marketplaces. YapStone also plans to pursue strategic partnerships and acquisitions to drive further penetration. The company has raised over $110M from investors including Accel Partners and Meritech Capital and is headquartered in the San Francisco Bay area and Santa Monica, with international operations in Ireland. YapStone develops an end-to-end payments platform called RentPayment that lets property managers accept credit cards and e-Checks and categorize receipts such as security deposits, late fees, and rent. The platform serves thousands of property management companies representing over 3 million apartment units. YapStone offers renter-facing features such as mobile text reminders and the ability to put rent on a credit card. The company is expanding its technology into other verticals including storage, dues payments and vacation rentals, and was selected as the payments solution for HomeAway. YapStone plans to use new funding to expand into new verticals, support international expansion, and pursue acquisitions. The company positions itself to disrupt mailed rent checks and to sit at the center of e-payments convergence in rentals and vacation markets.

Total raised

$181M

Funding rounds

3

Latest round

Series C

Latest activity

Feb 2018