independent

Wednesday 21 November 2018

YapStone opens new International Headquarters at Mellview centre

Leading American Fintech company YapStone announced the grand opening of its international headquarters at a new, 16,000 square foot office in Drogheda last Wednesday.

The company also expects to create between 40 and 50 new jobs in town within the next 12 months.

The launch was officiated by the Minister for Jobs, Enterprise and Innovation, Mary Mitchell O'Connor TD and Tom Villante, Chairman and CEO/Co-Founder of YapStone.

Mayor of Drogheda Oliver Tully was also in attendance.

Speaking at the launch, the Minister said: 'This is a very exciting project and I am really pleased that we have attracted this cutting-edge financial services company to a regional location and that it has ambitious plans for its new offices in Drogheda.

'Ireland's strong expertise in the ICT and Financial services sector means that we can provide the requisite skills for companies like Yapstone, so that they are able to service their international activities. This company's expertise is at the forefront of the exciting world of electronic payments. I would like to wish Peter continued success in attracting great talent here in Drogheda and I am confident that the company will continue to grow here in Ireland.'

Having significant U.S. and international growth in the past three years, YapStone is forecasted to process over $15 billion in electronic payments in 2016.

The company has approximately 400 full-time employees in the US and Ireland and is setting the stage for continued international expansion.

With the recent executive team addition of payment industry veteran, Peter Rowan, as Vice President of International Operations and Global Customer Support, YapStone's Drogheda, Ireland office will serve as its International Headquarters, with a full-service offering, including engineering, product, sales, customer service, and risk operations, as well as site security and reliability.

In the next year, the company forecasts 40-50 new hires in the Drogheda office.

'We selected Drogheda as home to our International Headquarters because of the tremendous support we've received from IDA Ireland and of course, the incredible talent pool in this country,' says Tom Villante, YapStone's Chairman, Co-Founder and CEO.

'We are proud to partner with IDA Ireland to contribute to the sustained growth of Ireland's local and regional economy and look forward to our continued success.'

John Nugent, Regional Development Manager of IDA Ireland added: 'YapStone has ambitious plans to grow its international presence and Drogheda is central to this growth strategy. YapStone continues to hire great people in the North East region and to add new functions to its international remit here, clearly demonstrating the company's commitment to Ireland.'

YapStone is a global provider of online and mobile payment solutions for global marketplaces and large vertical markets. YapStone powers electronic payments for sharing economy marketplaces, such as HomeAway® and VRBO®, and thousands of apartment and vacation rental companies, homeowners' associations, self-storage companies, hospitality establishments and non-profits. YapStone processes over $15B in payment volume annually and has been recognized on the Inc. 5000 list of Fastest-Growing Private Companies for nine consecutive years and named to the Forbes' List of America's Most Promising Companies in 2013 and 2015. YapStone has raised over $110 million from investors including Accel Partners, Meritech Capital and Bregal Sagemount. Headquartered in the San Francisco Bay area, YapStone has additional offices in Santa Monica, California, and Drogheda, Ireland.

Commenting on the opening of the new headquarters, local TD Fergus O'Dowd said: 'This company's expertise is at the forefront of the exciting world of electronic payments and I am really pleased that this cutting edge company has been attracted to Drogheda.

'It is a significant announcement for Louth and proof that our infrastructure and talented workforce are attractive to big companies. It also reflects the ongoing success of the Government's Action Plan for Jobs.'

Drogheda Independent

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