FastPay - About the company
FastPay is an acquired company based in Beverly Hills (United States), founded in 2009 by Jed Simon and christine rose. It operates as a Working capital solutions for digital media businesses.. FastPay has raised $15M in funding from Oak HC/FT and Citi Ventures. The company has 432 active competitors, including 128 funded and 38 that have exited. Its top competitors include companies like Ebury, Lendo and CapBay.
Company Details
FastPay provides liquidity and financial workflow solutions to the media industry. It offers a diverse set of products to entertainment industry such as FastPay for sellers (payment advances on receivables from the strongest advertisers, agencies, and ad tech businesses), ClearingHouse and FastPay for buyers (integrates directly with Buyers to offer accelerated payments to their vendor base). As on June, FastPay has originated over $1B in loans to over 30,000+ businesses including publishers, networks, exchanges, DSPs, SSPs, agencies and app developers.
- Website
- gofastpay.com
Key Metrics
Founded Year
2009
Location
Beverly Hills, United States
Stage
Acquired
Total Funding
$15M in 5 rounds
Latest Funding Round
Ranked
11th among 432 active competitors
Employee Count
1,683 as on May 31, 2026
Exit Details
Acquired by SLR Business Credit (Aug 16, 2021)
Legal entities associated with FastPay
FastPay is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
FAST PAY PARTNERS LLC CIN: 271253722 , United States, Active | Oct 20, 2009 | - | 56 (As on Dec 31, 2017) | - |
FastPay's acquisition details
FastPay got acquired by SLR Business Credit on Aug 16, 2021.
Click here to take a look at FastPay's acquisition in detail
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FastPay's funding and investors
FastPay has raised a total funding of $15M over 5 rounds. Its first funding round was on Jun 25, 2012. Its latest funding round was a Conventional Debt round on Feb 18, 2022 for $*****. 1 investor participated in its latest round. FastPay has 6 institutional investors.
Here is the list of recent funding rounds of FastPay:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 18, 2022 | 9948485 | Conventional Debt | 5674141 | 3452593 | 7330130 | 4530385 |
Sep 14, 2016 | 5132360 | Series A | 9367927 | 5749066 | 3971289 | 7407941 |
Nov 20, 2014 | 8966643 | Series A | 7676588 | 3692761 | 5841906 |
View details of FastPay's funding rounds and investors
FastPay's founders and board of directors
Founder? Claim ProfileThe founders of FastPay are Jed Simon and christine rose.
Here are the details of FastPay's key team members:
- Jed Simon: Founder, CEO of FastPay.
- christine rose: Founder, CEO of FastPay.
View details of FastPay's Founder profiles and Board Members
FastPay's employee count trend
FastPay has 1,683 employees as of May 26. Here is FastPay's employee count trend over the years:
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FastPay's Competitors and alternates
Top competitors of FastPay include Ebury, Lendo and CapBay. Here is the list of Top 10 competitors of FastPay, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Ebury 2009, London (United Kingdom), Acquired | Provider of global payment solutions, currency risk management, and business lending | $374M | 80/100 | |
2nd | Lendo 2019, Riyadh (Saudi Arabia), Series B | Online platform for invoice financing | $35.2M | 70/100 | |
3rd | Provider of AI-based P2P marketplace for supply chain financing solutions | $27.5M | 68/100 | ||
4th | Mynd Fintech 2002, Gurugram (India), Series A | Online marketplace for supply chain financing | $16.3M | 65/100 | |
5th | Operator of a digital marketplace for discounting trade receivable invoices | $10M | 64/100 | ||
6th | First Circle 2016, Taguig (Philippines), Series B | Online platform for trade financing | $37.1M | 63/100 | |
7th | Provider of tech-led financial services and customised credit solutions for startups and their ecosystem partners | $59M | 63/100 | ||
8th | Online marketplace for trade financing | $71M | 60/100 | ||
9th | Twinco Capital 2016, Alcobendas (Spain), Series B | Provider of supply chain finance solutions including purchase order funding | $36M | 60/100 | |
10th | Provider of SaaS-based trade financing solutions | $205M | 59/100 | ||
11th | FastPay 2009, Beverly Hills (United States), Acquired | Working capital solutions for digital media businesses. | $15M | 59/100 |
Looking for more details on FastPay's competitors? Click here to see the top ones
FastPay's Investments and acquisitions
FastPay has made 4 investments in companies including Videology and Vinyl. FastPay has also acquired 1 companies including AnchorOps.Here is the list of investments & acquisitions:
Filter this list
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Oct 11, 2017 | Acquisition | 2012 | Framingham (United States) | |
Aug 09, 2017 | Investments | 2007 | Baltimore (United States) | |
May 31, 2017 | Investments | 2017 | Denver (United States) |
See all investments by FastPay
Reports related to FastPay
Here is the latest report on FastPay's sector:
News related to FastPay
•
Fast Pay Increases and Extends Credit Facility with Arena Group to $25MMABFJournal•Feb 18, 2022•FastPay, The Arena Group
•
Fast Pay Partners Provides $30MM Working Capital Facility to Digital PublisherABFJournal•Aug 24, 2021•FastPay
•
Hovde Group Advises FastPay on Acquisition by SLR Business CreditMonitordaily•Aug 16, 2021•Hovde Group, FastPay, SLR Business Credit
•
AvidXchange Welcomes FastPay as an AvidXchange Company, Extending Its Vertical Expertise Within the Media IndustryPR Newswire•Jul 12, 2021•FastPay, AvidXchange
•
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FastPay and FreeWheel Partner to Offer Strata Users a Completely Digitized Media Payment SolutionNewswire•Sep 29, 2020•FastPay, FreeWheel, FastPay
•
FastPay partners with AIG and Cairn Capital to launch rated media finance vehiclePR Newswire•Sep 04, 2019•FastPay, AIG, Cairn Capital, FastPay Payments
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FastPay Announces Alliance with Advantage SoftwarePR Newswire•Apr 10, 2019•FastPay, Advantage Software
•
FastPay Names Michael Wehner as General Manager and Senior Vice President of PaymentsBusiness Wire•Dec 12, 2018•FastPay
•
FastPay Acquires AnchorOps, Creating a Financial Solutions Powerhouse for MediaPR Newswire•Oct 12, 2017•FastPay, AnchorOps
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