MOUNTAIN VIEW, CALIF. — April 5, 2018 — YapStone, provider of online and mobile payment solutions for global marketplaces, has selected Couchbase, Inc, to accelerate the growth of its multi-billion dollar payments platform for global shared economies and marketplaces. The cloud-native Couchbase Data Platform will enable YapStone to easily organize large amounts of data with varied formats that change over time.
As regulations and compliance related to payments processing continue to expand and become more complex at a global scale, data assets become increasingly valuable and hard to leverage. With Couchbase, YapStone will be able to use data as an asset more quickly and efficiently to drive additional value for end users and partners, while YapStone customers will gain the agility to easily and efficiently respond to change. These benefits are also extended to end users who will enjoy the a more seamless and secure payments experience.
“The introduction of Couchbase’s NoSQL technology into our micro-services based product platform allow us to significantly accelerate our transformation initiatives and foster a competitive edge in the payments marketplace powering shared economies,” said Sanjay Saraf, CTO at YapStone. “We’re always looking for ways to better serve our customers, and Couchbase will enable us to provide the best customer experiences possible. Specifically, Couchbase will be a foundational technology for our enhanced merchant onboarding, underwriting, and trust & safety related micros-services.”
Over the past 17 years, Yapstone has delivered online and mobile payment solutions across a variety of industries including apartment rentals, vacation rentals, homeowners associations and hospitality. Last month, the company announced its closing of $71 million in Series C funding to “Take on PayPal, Stripe in Marketplace Payments,” according to TechCrunch.
Couchbase provides the YapStone platform with –enhanced flexibility and scale to expand YapStone’s growing ecosystem of new verticals and global marketplaces.
“As a partner in YapStone’s digital transformation initiatives, we’re helping to grow the company’s dominance in the global payments marketplace,” said Ravi Mayuram, Senior Vice President of Engineering and CTO at Couchbase. “The Couchbase Data Platform is built for requirements of innovative companies like YapStone, who is developing applications with agility and deploying at global scale to provide customers more efficient and secure payment experiences.”
For more information, please visit YapStone.com.
YapStone is a provider of online and mobile payment solutions for global marketplaces, software, and large vertical markets, powering electronic payments for sharing economy marketplaces, such as HomeAway® and VRBO®, and thousands of apartment and vacation rental companies, homeowners’ associations, self-storage companies, and many other markets.
YapStone processes over $18B in payment volume annually and has been recognized on the Inc. 5000 list of Fastest-Growing Private Companies for ten consecutive years, as well as San Francisco Bay Area’s Best and Brightest Company to Work For by the National Association for Business Resources.
The company has raised over $120 million from investors including Premji Invest, Accel, and Meritech Capital. Headquartered in Walnut Creek, California, YapStone has additional offices in Santa Monica, California, Austin, Texas, and Ireland.