FastPay, a Los Angeles and New York-based financial platform providing workflow and liquidity solutions for the global media industry, raised $15m in funding.
Oak HC/FT made the investment.
The company intends to use the funds for continued growth, development of proprietary technology and hireing in strategic roles.
Founded in 2009 by CEO Jed Simon, FastPay offers a comprehensive portfolio of financial products and services including invoice finance and workflow solutions designed specifically for global media to operate and scale their businesses more efficiently. The company currently works with a wide variety of media businesses, including advertising agencies, DSPs, SSPs, RTB advertising exchanges, web publishers, creative agencies and app developers.
Since inception, FastPay has originated nearly $500m in loans to hundreds of companies, enabling business owners to focus on growth and strategy.