How We Helped Destructoid

Destructoid.com is a huge success: with millions of followers, the site has grown into one of the top, most respected gaming sites worldwide, taking home four Webby Nominations in the gaming category since the site's inception in 2006. But growth has not come without its share of challenges. “Our primary source of income is advertising and it took us a really long time to figure out how we were going to be able to sustain cash flow and continue to grow,” explains founder and CEO Yanier Gonzalez. “I went to my banker and the first time I walked in there to get a loan and had to explain what I did for a living, they were just like ‘what?’, they didn’t understand my business. Then I discovered FastPay. They got it from day one. I mean it was literally 48 hours and we had our funding. They’re like the best thing ever. I don’t actually think I’d be in business if it wasn’t for FastPay.”

How We Helped Heavenspot

Heavenspot is an independent Creative Agency that works closely with major consumer brands, movie studios and advertising agencies to concept and execute marketing strategies with a digital emphasis. Adobe, Disney, 20th Century Fox, Marvel, Paramount Pictures and Warner Bros. have all turned to the trailblazing team for groundbreaking advertising, design, web technology, animation and production.

But payment cycles and project deadlines don’t always overlap, and that’s where FastPay comes in. “FastPay has been a great match for Heavenspot” says Managing Director Michael Romero. “We’d actually worked with anther finance company previously, but we realized that they really just weren’t the right fit. I mean, their specialty was produce and we were a digital agency. We met FastPay and enjoyed the chemistry straight out of the gate, and the impact on the studio from a positive perspective was immediate. They have a vested interest in a mutually beneficial partnership. The human element that they bring has just been amazing to work with; they are always flexible and accommodating and they understand the world we’re in. Having that kind of support behind us really makes what we do possible.“

How We Helped Moguldom

Moguldom Media Group is the world’s largest network of owned and operated digital brands focusing on African Americans as measured by comScore online reach. Their premium online brands capture the pulse of diverse segments of the urban market to deliver rich, compelling experiences across multiple media channels including online video, mobile, and social media platforms. FastPay is proud to be a part of the Moguldom story. Founder and CEO Jamarlin Martin say “FastPay has allowed us to build out a real American success story in terms of old fashioned building a business from the ground up, without raising venture capital and without incurring debt. Just hard work, creativity, and being scrappy. We wanted to scale the business and accelerate our growth plans but didn’t want to give up equity and take on the risks of giving up control.”

Asked what the experience of working with FastPay is like, Martin explains, “FastPay has been easy to work with. They have great flexibility and excellent customer service, and they are extremely knowledgeable about digital media and digital advertising space. Working with FastPay has allowed us to grow without debt or venture capital. We wouldn’t have been able to scale as fast as we’re scaling without FastPay – they’ve been an excellent partner.”

How We Helped OnlineAthletes

Founded in 2008 by tech savvy sports fanatics, OnlineAthletes has taken 'fantasy sports' to a whole new level with a slight twist: turning friends into professional online athletes. What began on Facebook as Premier Football (a team-based, team-competition, soccer application) quickly grew into the #1 sports application on Facebook and the largest sports application in the social networking space. This success revolutionized fantasy sports and created a niche in the online sports gaming vertical. There are more than 2 million team managers and 25 million online users participating from over 150 countries.

“The social gaming space moves at a very rapid pace. Things are always changing, so you must learn how to adapt - and FastPay has really helped us do just that,” says CEO & Co-Founder Adam Alfin. “It was a ‘no-brainer’ for us to partner with FastPay once we discovered them as a potential resource. FastPay has been a major part of helping us grow. We’re now able to focus on designing and building games as opposed to focusing on managing cash flow, and that’s exactly what Fast Pay has allowed us to do. They’ve developed a really creative finance solution that’s been essential to helping us move quickly and concentrate on what matters most - developing high quality games for social entertainment.”

How We Helped Sabertooth Interactive

Los Angles based Sabertooth Interactive is a digital Creative Agency that works with major brands and agencies to create cutting edge, engaging digital campaigns. Saberooth’s growth has been explosive, and so have its challenges. Founder & Creative Director David Cullipher explains, “we’ve been growing at a rate of 30 to 35 percent a year. Adding jobs. Adding employees. Doing great work. And doing it all ourselves without a large deep pocketed investor. It’s quite a challenge because you have receivables from major companies, Fortune 100 companies, and there was no real options for us to leverage those assets to fund the business. Banks aren’t being that flexible with lines of credit no matter how long you’ve in business. So, when we ran across FastPay and I found out how their rates worked, and it just works perfectly. It is more of a business financing program, and it’s better than any other program that’s out there. It lets us be more flexible. We use it when we need it and it just works seamlessly. There’s no weird things for our clients. There’s no weird things for my bookkeepers. It’s easy to manage and easy to use.”