Velo Payments Acquires YapStone

August 16, 2023

Velo Payments, Inc. has entered into a definitive agreement to acquire YapStone, Inc., the leading payments platform for the short-term and vacation rental industry. The transaction combines YapStone’s payfac/MSB capabilities and VacationRentPayment product with Velo’s global disbursements and open-banking technology to expand capabilities and deliver lower-cost, cross-border payment experiences for marketplace and STVR customers.

Buyers
Velo Payments, Inc.
Targets
YapStone, Inc.
Location
California, United States
Transaction Type
Buyout

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