FastPay acquires media finance solutions company AnchorOps

Fintech company FastPay has announced that it is acquiring media solutions company AnchorOps. The deal would bring together the two companies focused on media financing. The details of the acquisition were not disclosed by both the companies.

Excited to announce that we have acquired @AnchorOps - making us the premiere financial solutions platform for media https://t.co/wlTlI95D6t pic.twitter.com/Tzw6SUorxx

— FastPay (@GoFastPay) October 11, 2017

Jed Simon, CEO, and Founder of FastPay said, "We've been impressed with the AnchorOps team for years - they've built a fantastic suite of products with an exceptional focus on serving customers.  Our companies share similar values, and we're excited to provide the industry with a single platform to address the full spectrum of customer needs."

David Frogel, President, and Founder of AnchorOps will join the FastPay team as Chief Revenue Officer. Frogel said, "We're thrilled to join the FastPay team. We share a unified vision of streamlining our industry's financial workflow to create the premier fintech company for our industry."

The merger will strive to create an integrated working capital solution designed to streamline customer's financial operations and boost their growth.