YapStone Bolsters Product Team with Payments Industry Veteran, Bruce Dragt

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Fintech leader looks to the future of payments as Bruce Dragt joins the company as SVP of Product.

YapStone: Powering Payments

YapStone, a global provider of online and mobile payment solutions for global marketplaces and large vertical markets, today announced that Bruce Dragt has joined the company as Senior Vice President of Product, the next addition to the powerhouse executive team.

Dragt joins YapStone after significant experience and success in the payments industry, having held executive leadership positions at Wells Fargo, i2, Financial Settlement Matrix, and most recently, First Data, where he held multiple senior roles over a 13-year career, including SVP of Global eCommerce, Merchant Products. He has also served as a Board Member for Bank of America Merchant Services and Merchant Link and holds 11 patents related to risk management and mobile technologies.

“This is simply a huge hire for us,” said Tom Villante, YapStone’s Chairman and CEO. “I have been focused on building a world-class leadership team with the Product role being a key position for our company, team and customers. In Bruce, we have found an industry expert with a track record of success at amazing financial services companies. We are just scratching the surface of what we can deliver for marketplace partners and with Bruce’s leadership and expertise, YapStone’s product is in good hands.”

As a global payments leader, YapStone continues its hyper-growth, adding over 100 new staffers in the past year and attracting executive talent from tech and fintech leaders, including Paypal, Salesforce, Twitter and WorldPay. For 2016, the company expects to process over $15 billion in total payment volume, bolster its growth with new marketplace partners and expand into new international markets.

“YapStone has tapped into a distinct market need and has profitably delivered value to its growing client base,” said Bruce Dragt on joining YapStone. “In YapStone, I found a company with a unique market position and a culture of collaborative product delivery with its clients. This is a space that I thrive in. And with YapStone’s current go-to market strategy to power payments for global marketplaces by delivering customized solutions, I believe YapStone is one of the best places to be in FinTech today.”

YapStone is projected to surpass 400 full-time employees in 2016 and is being recognized in the payments industry, most recently being called “The Unicorn Under the Radar” by The Huffington Post.

For more information, please visit http://www.YapStone.com.

About YapStone
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 Ireland.

Source: YapStone

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