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FastPay
Offers credit and payments services to digital media businesses, assessing creditworthiness through their proprietary technology platform
About FastPay
FastPay is a financial technology company that specializes in providing working capital solutions and payment processing services for media and technology companies. Operating primarily in the B2B (business-to-business) market, FastPay serves clients such as media agencies, suppliers, and tech firms. The company offers a platform that links suppliers and agencies to streamline and expedite media payments, thereby reducing Days Sales Outstanding (DSO) and simplifying payment complexities. FastPay's business model revolves around offering proprietary tools and services that enhance revenue share and participation rates for its clients. The company generates revenue through transaction fees and interest on working capital loans. FastPay has been trusted by media businesses and financial institutions since 2009, with a transaction volume of $7 billion. The company operates out of multiple locations, including Los Angeles, New York, and Boston.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2009
- Headquarters
- Los Angeles, United States
- Employees
- 54
- Open positions
- None listed
- Dealroom signal
- 64.9/100
- Industry
- Fintech
- Sub-industry
- Payments
- Sector
- Fintech, Accounting, Verification, Adtech, Advertising, Publishing, Banking, Monitoring, Sharing Economy, Invoicing, Onboarding, App
- Client focus
- b2b
- Investment activity
- 7 companies, latest Oct 2017
- Capital deployed
- $0
- Preferred round
- DEBT
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jul 2021 | $0 | — | AvidXchange | ↗ |
| EARLY VC✓Equity / VC | Sep 2016 | $0 | — | Undisclosed | — |
Growth signals
Latest recorded traffic for FastPay is 2.4K monthly website visits, up 71.4% over the last three months. FastPay's team declined 27% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
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Altitude DigitalDenver, United StatesStreamlining and amplifying the #adtech marketplace with our video #SSP, demand sources & #mobile advertising technology.
$70Mvaluation
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
Jed Simon
Victor J. Coleman- JGJonathan Glaser
Series A1 investor entered at this stage
Oak HC/FT
Series B and later2 investors entered at this stage
SF Capital Group
Wells Fargo and Company
Other known investors2 additional known investors
AvidXchange
Citi Ventures
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about FastPay on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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