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.
- Industry
- Payments & Fintech
- Location
- California, United States
- Transaction Type
- Buyout
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