FastPay

FastPay is a financial platform that provides credit and payment solutions to digital industries. Through proprietary technology, FastPay dynamically assesses the creditworthiness of borrowers and issues working capital loans between $5K and $20M in 48 hours or less. Since inception, FastPay has originated nearly $1.5BN in loans and has access to hundreds of millions in deployable capital from Wells Fargo, AloStar, Everbank, SF Capital and a private investor marketplace. Headquartered in Los Angeles, Calif., FastPay has offices in San Francisco, New York, and London.On July 12th, 2021, FastPay was acquired by AvidXchange. Terms of the transaction were not disclosed.