YapStone, an online payment software provider for rental and vacation properties, has raised $50 million in venture funding. The new investment was led by Accel Partners with Meritech Capital Partners.

YapStone plans to use the funding to support the growth of its core technology platform to serve current and potential vertical markets. YapStone and its board of directors appointed Financial Technology Partners and FTP Securities as exclusive strategic and financial advisor in the deal.

Click here for the release from PR Newswire.