Tuesday, March 31, 2015

YapStone Scores $60M In Debt

Walnut Creek-based YapStone, a developer of web and mobile payment technology, said today that it has closed on $60M in debt financing, made up of $40M in a senior credit facility from Comerica Bank, and $20M in subordinated debt from Bregal Sagemount. Terms of the two debt facilities were not announced. YapStone's technology is used in the electronic payment market, particularly helping to power payments on vacation rental marketplaces such as HomeAway and VRBO. YapStone is led by Tom Villante.