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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