YapStone Raises $71M Series C Led by Premji Invest with Mastercard

On February 12, 2018, YapStone announced the closing of a $71 million Series C funding round led by Premji Invest, with strategic participation from Mastercard. YapStone provides integrated payment processing solutions for marketplace platforms, enabling embedded payments capabilities for verticals such as property management, vacation rentals, and other marketplace ecosystems. The investment from Mastercard reflects the card network's strategy to embed its payment rails deeper into platform and marketplace commerce.

The capital was intended to accelerate YapStone's product development, geographic expansion, and partnerships. YapStone's model of providing payments infrastructure to platforms aligns with the broader embedded finance trend of integrating financial services directly into non-financial software. The round was among the larger fintech payments funding events in early 2018.