FastPay Finds $15M

Los Angeles-based FastPay, which offers up financial products specifically aimed at advertising driven businesses, said this morning that it has raised $15M in a funding round. The company, which is led by Jed Simon, said the funding came from Oak HC/FT. FastPay offers up invoice financing and other related finance products, which helps web publishers, online game develops, mobile app develops and others better manage their cash flow. The company's financial products are useful to many media businesses who typically see long delays between ad impressions and actual payments from advertisers. FastPay said it was advised by Financial Technology Partners LP and FTP Securities LLC (FT Partners) in the financing. More information »