The amount of the deal was not disclosed.
The company intends to use the funds to grow the flexible lending and financial solutions globally.
Led by Jed Simon, Founder and CEO, FastPay FastPay is a financial platform that provides credit and payment solutions to digital industries. Through proprietary technology, the company 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.
The company has an employee base of more than 70 team members across its global offices in San Francisco, New York, and London.