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Loeb & Loeb Represents Velo Payments in Agreement to Acquire YapStone

Loeb & Loeb represented Velo Payments, a global smart data network for business disbursements, in its agreement to acquire YapStone, a leading payment processing platform in the short-term and vacation rental industry.

According to a company press release, the agreement will bring industry-leading technologies that will reduce the cost and complexity of payments, delivering seamless global payment experiences for its customers, especially across borders.

The acquisition is expected to close in the third quarter of 2023, subject to standard regulatory approvals and closing conditions.

The Loeb deal team that represented Velo Payments was led by Lloyd Rothenberg, Deputy Chair of the firm’s Capital Markets & Corporate department, and included senior counsel Nancy Jacobson, associate Evan Saunders and paralegal Susan Zalduendo; Executive Compensation & Employee Benefits partner Michael Gerald; Tax partner Ryan Austin; Finance partner Peter Beardsley and senior counsel Melissa Hall; Litigation partner Jerry Phillips; Advanced Media & Technology of counsel Eyvonne Mallett; and Employment & Labor associate Lauren Richards.

For more information, please see the company’s press release.