YapStone touches Couchbase for payments platform propulsion
According to YapStone, the platform will let it organise large amounts of data with varied formats that change over time.
Sanjay Saraf, CTO at YapStone, says Couchbase will be a “foundational technology for our enhanced merchant onboarding, underwriting, and trust and safety related micro-services”.
To explain more, YapStone points out that 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 use.
Last month, the company announced its closing of $71 million in Series C funding.
YapStone processes over $18 billion in payment volume annually and has raised over $120 million in total from investors. It is headquartered in Walnut Creek, California, and has additional offices in Santa Monica, California; Austin, Texas; and Ireland.
Couchbase customers include AT&T, Cisco and Wells Fargo. Investors include Accel Partners, Adams Street Partners, Ignition Partners, Mayfield Fund, North Bridge Venture Partners, Sorenson Capital, and WestSummit Capital.