FT Partners Advises YapStone on its $71,000,000 Series C Financing
Overview of Transaction
- On February 12, 2018, YapStone announced it has raised $71 million in Series C financing led by Premji Invest
- Several high-profile investors joined the round, including Mastercard and existing investors, Accel and Meritech Capital Partners
- YapStone is a provider of online and mobile payment solutions for global marketplaces and large vertical markets, powering 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
- YapStone processes over $18 bn in payment volume annually and has been recognized on the Inc. 5000 list of Fastest-Growing Private Companies for ten consecutive years
Significance of Transaction
- The financing will provide the Company’s leadership team with the flexibility needed for a variety of corporate purposes, including global expansion and mergers and acquisitions
- In total, the Company has raised over $180 million from investors including Accel, Meritech Capital Partners and Bregal Sagemount
FT Partners' Role
- FT Partners served as exclusive strategic and financial advisor to YapStone and its Board of Directors
- FT Partners also advised YapStone on its $50 million minority financing led by Accel Partners, as well as its $60 million debt financing
- This transaction highlights FT Partners’ continued success advising prominent companies in the Payments space and its leadership position as the “advisor of choice” to the highest quality FinTech Companies