A $15 Million Gesture of Trust
There are few things that indicate trust in a company more than a sizable investment.
FastPay, a financial platform that provides workflow and liquidity solutions for the media industry, has announced that it has raised $15 million from Oak HC/FT, a venture growth-equity fund.
Currently, the company offers a variety of products to help companies improve their efficiency including invoice finance and workflow solutions that enable professionals to operate and scale their businesses with ease. With the new investment, FastPay aims to continue its growth by developing new proprietary technology as well as brining in strategic new hires.
“The media industry is extremely dynamic and constantly innovating, which necessitates equally robust financial solutions. With Oak HC/FT’s investment, FastPay will continue to transform the financial interactions between global media supply and demand partners by providing flexible capital options, reducing invoicing friction-points, and facilitating the media supply chain,” said Jed Simon, founder and CEO of FastPay.