Los Angeles based FastPay, a fintech that specializes in providing financing to media companies, has acquired AnchorOps, an electronic payment solutions provider for media buyers.
Terms of the transaction were not disclosed.
According to a company statement:
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.
The combined company has more than 100 employees with five offices globally.
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