Los Angeles, California, October 11, 2017 – FastPay, the pre-eminent financial technology company providing capital and payments solutions to digital businesses, today announced it has acquired AnchorOps, the leading provider of electronic payment solutions for media buyers. Combining FastPay’s focus on lending to media sellers and AnchorOps’ proficiency in payments and reconciliation for media buyers creates a unified platform that reduces friction and improves efficiency for the entire $600B global advertising industry, from invoicing to payment disbursement.
Jed Simon, CEO/Founder of FastPay states, “We’ve been impressed with the AnchorOps team for years – they’ve built a fantastic suite of products with exceptional focus on serving customers. Our companies share similar values, and we’re excited to provide the industry with a single platform to address the full spectrum of customer needs.”
Founded in 2012, AnchorOps has the only electronic payment solution designed and optimized exclusively for the media industry. Their rapid growth and market dominance is attributable to their vertical expertise, extensive software solutions, proprietary data, and unparalleled client service. Integrating AnchorOps with FastPay’s industry-leading technology, analytics, and credit capabilities will fulfill the financial needs of the advertising ecosystem.
David Frogel, President and Founder of AnchorOps, will join the FastPay team as Chief Revenue Officer. Frogel said, “We’re thrilled to join the FastPay team. We share a unified vision of streamlining our industry’s financial workflow to create the premier fintech company for our industry.”
This merger will create an integrated working capital solution designed to streamline customers’ financial operations and fuel their growth. The combined company has over 100 employees with five offices globally.
For more information, please contact:
Michelle Fiordaliso at FastPay: firstname.lastname@example.org 310-651-9582
FastPay is a financial technology platform providing credit and payment solutions to digital industries. Leveraging proprietary technology and analytics, FastPay dynamically assesses the creditworthiness of borrowers and can issue working capital loans up to $100M+. Since its inception in 2009, FastPay has originated over $2B in loans and has access to hundreds of millions of dollars in deployable capital from partners including Citibank, Wells Fargo, and Hitachi. Its leadership team brings decades of credit and payments experience from Green Dot Corporation, Capital One, Morgan Stanley, Goldman Sachs, and Skrill. Headquartered in Los Angeles, FastPay has offices in San Francisco, New York, London, and Westborough, MA. For more information, please visit https://gofastpay.com.
AnchorOps is the only payment solution focused exclusively on the media industry. Founded by a former agency CFO/COO, AnchorOps streamlines media finance and operations so both agencies and suppliers benefit from workflow efficiency, increased visibility into bottlenecks, improved communication, and reduced manual input and errors. With a focus on media, AnchorOps enables its customers to make more money and drive more efficiency than any other provider. For more information, please visit: http://anchorops.com/
For official press release, please visit: http://www.prnewswire.com/news-releases/fastpay-acquires-anchorops-creating-a-financial-solutions-powerhouse-for-media-300534479.html
FastPay is proud to announce that Voice of America did a feature story on how we’re bucking the trend in the Fintech industry when it comes to women holding many of our key leadership positions. While Fintech is a growing industry, only 8% of director positions are currently held by women.
Not so, at FastPay. Listen to FastPay’s Christine Kuecherer (GM, Platform Growth), Elise Linn (Head of Front End Development and Quality Engineering) and Michelle Fiordaliso (Head of Marketing) share their thoughts on women paving their way in the male-dominated worlds of finance and technology.
In the last couple of years, M&A for digital media businesses has nearly doubled. For most entrepreneurs, an exit strategy is often top of mind. However, the process of M&A can be a confusing mystery: where to start, what questions to ask, and things to put in place for success.
Here are the highlights:
David Leider, Panel Moderator
David Segura, Founder of Giant Media
Dylan Kearns, Petsky Prunier Investment Banker
Dane Atkinson, Panel Moderator
Lance Barton, Dir of M&A @ Match (IAC)
Martez Moore, Former EVP of M&A @ Viacom
Teddy Himler, Principal @ Comcast
Justin Trudel, Former Dir. of M&A @ Dentsu Aegis
For more information contact our sales team at 844-299-1540
Vy Le, FastPay’s Data Scientist, was inspired by a Silicon Valley panel of women (which if you’ve been to tech conferences, you know is a rare occurrence) and decided to put a panel together comprised of our own team of female leaders. An edifying and enlightening conversation ensued at an offsite lunch at Granville in West Hollywood, covering topics such as work/life balance, equality, and how to be a badass leader.
Back Row (Left to Right): Elise Linn, Vardui Demirchyan, Vy Le, Maritza Leong, Kate Dorrlacombe, Michelle Fiordaliso, Grace Arbona, Nan Xiong and Madison Holbrook. Front Row (Left to Right): Mariel Lunasco, Christine Kuecherer, Katie Bauer, Michelle Winkley, Jennifer Alch and Eve Fuller.
Speakers (Left to Right): Elise Linn, Sr. Director of Engineering, Christine Kuecherer, GM, SMB/Platform Growth, Michelle Fiordaliso, Head of Marketing, Michelle Winkley, Human Resources
On June 6, 2017 FastPay hosted a roundtable discussion called, “Understanding Content & Video in 2017” at the Fullscreen offices in Los Angeles. Here’s a recap.
We are honored to be included in the Inc. 5000 index, ranking #1653! Read more here.
Fullscreen Media, the global leader in social entertainment, provides end-to-end channel management and optimization service for creators, brands and media companies to reach their full potential on YouTube and other social platforms. Fullscreen’s suite of software tools and programming creation capabilities build audiences and engagement around clients’ video content.
FastPay partnered with Fullscreen’s current lender to create a unique credit facility specific to their YouTube receivables. The facility provides Fullscreen with a creative way to increase flexibility and availability in their lending relationship and will support them in further expanding their growth initiatives in 2017.
This relationship between Fullscreen and FastPay demonstrates the qualities that have established FastPay as a leader in FinTech:
- The ability to provide credit facilities specific to the needs of each client
- Willingness to partner with current lenders for increased availability
- Expertise and comfort with rapid growth
- Enterprise level credit facilities
- Flexible lending with no financial covenants or warrants
On March 16th at the Prince George Ballroom in NYC, FastForward brought together a diverse group of some of the most interesting financial innovators and thought leaders.