FastPay Finds Funding

Los Angeles-based FastPay, a provider of payment products for digital publishers, application developers, and game developers, said today that it has raised a funding round. Amount of the funding was not disclosed. Source of the new funding was also not announced. The firm, headed by Jed Simon, said it advances payment on incoming revenue, cutting down from the standard 60 to 120-day payment delay in the industry. More information »