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February 22, 2013 06:22 am GMT
FastPay recently announced that it has placed $100 million in credit with digital media companies.That's $100 million used to deal with the common cash flow challenge in the ad business, where it can take 60 days or more to get paid by the advertiser. That can be problem if, for example, you need to pay the publisher in 30 days. So FastPay provides the funding to help companies deal with those issues in the company's words, "We finance the digital ecosystem."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/d0L5cBH5AKI/
FastPay Has Provided Digital Media Companies With $100M In Credit
FastPay recently announced that it has placed $100 million in credit with digital media companies.That's $100 million used to deal with the common cash flow challenge in the ad business, where it can take 60 days or more to get paid by the advertiser. That can be problem if, for example, you need to pay the publisher in 30 days. So FastPay provides the funding to help companies deal with those issues in the company's words, "We finance the digital ecosystem."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/d0L5cBH5AKI/
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