FastPay acquires media payments association AnchorOps

FastPay has acquired AnchorOps in a understanding that brings together dual businesses focused on media financing.

FastPay’s indication revolves around lending income to digital media companies, assisting them understanding with cashflow issues as they wait to get paid by advertisers. AnchorOps, meanwhile, has built invoicing and payments program for those media companies.

In a merger announcement, CEO Jed Simon pronounced a understanding allows FastPay to emanate “a singular height to residence a full spectrum of patron needs.”

Asked about how most he’d paid for AnchorOps, Simon told me it was “multiple 8 figures” (so, tens of millions of dollars) in money and stock. He also pronounced a whole 30-person AnchorOps group will be fasten FastPay, with owner and CEO David Frogel apropos arch income officer.

“The AnchorOps group will contain a core of FastPay’s remuneration business and we intend to continue investing it and flourishing a team,” Simon said.

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Posted by on Oct 12 2017. Filed under Startups. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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