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FastPay Acquires AnchorOps, Creating a Financial Solutions Powerhouse for MediaLOS ANGELES, Oct. 11, 2017 /PRNewswire/ -- FastPay, the pre-eminent financial technology company providing capital and payments solutions to digital businesses, today announced it has acquired AnchorOps, the leading provider of electronic payment solutions for media buyers. Combining FastPay's focus on lending to media sellers and AnchorOps' proficiency in payments and reconciliation for media buyers creates a unified platform that reduces friction and improves efficiency for the entire $600B global advertising industry, from invoicing to payment disbursement. Jed Simon, CEO/Founder of FastPay states, "We've been impressed with the AnchorOps team for years - they've built a fantastic suite of products with exceptional focus on serving customers. Our companies share similar values, and we're excited to provide the industry with a single platform to address the full spectrum of customer needs." Founded in 2012, AnchorOps has the only electronic payment solution designed and optimized exclusively for the media industry. Their rapid growth and market dominance is attributable to their vertical expertise, extensive software solutions, proprietary data, and unparalleled client service. Integrating AnchorOps with FastPay's industry-leading technology, analtics, and credit capabilities will fulfill the financial needs of the advertising ecosystem. David Frogel, President and Founder of AnchorOps, will join the FastPay team as Chief Revenue Officer. Frogel said, "We're thrilled to join the FastPay team. We share a unified vision of streamlining our industry's financial workflow to create the premier fintech company for our industry." This merger will create an integrated working capital solution designed to streamline customers' financial operations and fuel their growth. The combined company has over 100 employees with five offices globally. About FastPay About AnchorOps
View original content:http://www.prnewswire.com/news-releases/fastpay-acquires-anchorops-creating-a-financial-solutions-powerhouse-for-media-300534479.html SOURCE FastPay |