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FastPay Acquires AnchorOps, Creating a Financial Solutions Powerhouse for Media

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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.

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For more information, please contact:

Michelle Fiordaliso at FastPay: michellef@gofastpay.com 310-651-9582

About FastPay

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.

About AnchorOps

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


Voice of America: FastPay Closes the Gender Gap in Fintech

VOA-thumbnailFastPay’s segment begins at 14:55

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.

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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.

 

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NY Roundtable: M&A Process

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:


FULL VIDEOS

SALE SIDE
David Leider, Panel Moderator
David Segura, Founder of Giant Media
Dylan Kearns, Petsky Prunier Investment Banker

BUY SIDE
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


Female Leadership at FastPay

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.

Women of FastPay

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.

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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


LA Roundtable Recap at Fullscreen

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.


FastPay Ranks #1653 in Inc. 5000 Index

We are honored to be included in the Inc. 5000 index, ranking #1653! Read more here.

Inc5000-letter


FastPay Creates $15MM YouTube Credit Facility for Fullscreen Media

Fullscreen TombstoneFullscreen 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

FastPay’s Inaugural FastForward Conference

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.


NY Roundtable: Debt vs Equity

Download “Debt vs Equity” PDF Transcript


Citi Ventures Makes Newest Strategic Investment in FastPay, the Leading FinTech Solution Provider to Digital Businesses

LOS ANGELES, CA–(Marketwired – Sep 14, 2016) – FastPay, a leading financial technology company that provides lending and financial workflow solutions to digital businesses, today announced the close of a strategic investment from Citi Ventures. This investment will enable FastPay to grow the flexible lending and financial solutions it delivers globally. Citi Ventures accelerates innovation at Citi through a strategic focus on investing and the commercialization of new solutions with the potential to transform the future of financial services. Other recent Citi Ventures investments include LiveNinja, BlueVine and Cylance.

“FastPay’s unique understanding of finance, technology and digital business allows us to uniquely serve the world’s fastest growing industries,” said Jed Simon, Founder and CEO of FastPay. “We are thrilled to partner with Citi Ventures and access the global reach and expertise of a leading global organization as we expand our services and reach new customers.”

To date, FastPay has originated nearly $1.5 Billion (USD) in loans to digital businesses and has integrated with accounting software providers, bank account monitoring, and all major media technology companies. The company has an employee base of more than 70 team members across its global offices in North America and Europe.

“FastPay’s lending and financial workflow solutions are uniquely tailored to the digital advertising vertical and address a critical need in this fast growing space,” said Ramneek Gupta, Managing Director and co-Head of Venture Capital at Citi Ventures. “In partnering with FastPay, we’re looking forward to helping increase the access and availability of capital to leading ad tech innovators so they can focus their time and expertise on connecting advertisers to the right customers.”

About FastPay
FastPay is a financial platform that provides credit and payment solutions to digital industries. Through proprietary technology, FastPay dynamically assesses the creditworthiness of borrowers and issues working capital loans between $5K and $20M in 48 hours or less. Since inception, FastPay has originated nearly $1.5BN in loans and has access to hundreds of millions in deployable capital from Wells Fargo, AloStar, Everbank, SF Capital and a private investor marketplace. Headquartered in Los Angeles, Calif., FastPay has offices in San Francisco, New York, and London.

About Citi Ventures
Citi Ventures accelerates innovation at Citi through a strategic focus on investing in, piloting and commercializing new solutions with the potential to transform the future of financial services. Headquartered in Silicon Valley with offices in San Francisco and New York, Citi Ventures aims to cultivate next-generation experiences for Citi’s customers by investing in startups, experimenting with new technologies through its global lab network, and driving enterprise-wide, lean startup-based growth initiatives across Citi’s businesses. The team focuses in five key areas: Financial Services & Technology, Commerce & Payments, Security & Enterprise IT, Big Data & Analytics, and Marketing & Customer Experience. Citi Ventures accelerates its portfolio companies’ ability to scale through collaboration with Citi’s global businesses and industry experts. For more information visit: http://ventures.citi.com/

http://finance.yahoo.com/news/citi-ventures-makes-newest-strategic-143000145.html