Wednesday, June 8, 2011

YapStone Gains $50M

San Francisco-based YapStone, a provider of electronic payment services for the property management industry, said Tuesday that it has raised $50M from Accel Partners. The firm said the new capital will go to help grow the firm, including for international expansion and for opportunistic acquisitions. YapStone said it was advised by Financial Technology Partners LP and FTP Securities LLC in the deal. YapStone's services are used by property owners to accept credit cards and e-checks for rent payments. The firm is headed by Matt Golis. Todd MacLean of Accel joins the company's board along with the funding. More information »