How It Works
Apply
Applying is easy. Tell us a little about yourself and your business – after a quick conversation to make sure we can help, we’ll grant you access to our simple, secure online application portal. The entire process is streamlined and automated, and approval takes days, not weeks.
Fund
Once you are approved, just tell us what accounts you want to fund. Verified payables are advanced by wire within one business day.
Done
Payments are remitted in your name, by check or electronically, to a secure “lockbox” account. Any balance due is returned to you by wire within one business day – and you’re done!
Solutions
FastPay for Pubs
Convert clicks to dollars in record time
Even the most successful content publishers are confronted with a key challenge; managing cash flow in order to continue their rapid growth without the loss of equity and control. FastPay allows qualified companies to accelerate their payment cycles to provide the working capital they need to grow.
FastPay for Creative
Focus on creative, not cash flow
Digital creative studios work with the largest agencies and brands to bring their message to life. Unfortunately, deadlines and payment cycles are rarely in sync, and the faster a business grows, the greater pain point this this creates. FastPay knows the ad-tech space, and we specialize in helping businesses like yours mange cash flow. Our knowledge, flexibility and outstanding customer service lets you focus on meeting deadlines, landing new clients, and continuing to grow.
FastPay for Devs
Take control of your cash flow
Building the best games and apps take time, resources and constant attention to detail and innovation. We know that design, debugging and finishing that vertical slice are a far better use of your time than managing cash flow. FastPay helps game, mobile and social media application developer’s mange payment cycles and boost revenue.
FAQ
What is FastPay?
FastPay is the ideal way for companies across the digital media ecosystem to quickly and effectively improve their cash flow by dramatically speeding up payment of the funds they’ve already earned without diluting equity or locking in to long term, inflexible banking commitments.
Why do you only work with digital media companies?
Across the online advertising space, even the most successful content publishers, exchanges, demand side platforms (DSP), trading desks, social media marketers and digital creative studios are confronted with a key challenge; managing cash flow in order to continue their rapid growth without the loss of equity and control. Commercial banks have shown a reluctance to provide credit to even the most dynamic and fastest growing businesses in this sector. Digital businesses are often left with no other financing option other than raising equity, which can be costly, dilutive and time consuming. We think there’s a better way, which is why we started FastPay.
How is FastPay different from loan? Do I have to sign a personal guarantee?
FastPay is not a loan, it’s the process of advancing payments you are already waiting for at a small discount. And unlike most banks, there is NO personal guarantee required for qualified applicants.
How does the funding process actually work?
FastPay advances seventy to eighty perfect of eligible receivables directly to your bank account within one business day of submitting them for payment. All payments are then sent in your name directly to our lockbox account, and we remit the balance due to you upon receipt of payment.
Are earnings from all sources eligible?
FastPay works with hundreds of businesses, including ad networks, affiliate networks, mobile platforms, direct advertisers and merchants, and we will work with you to fund as many of your sources as possible.
What does it cost to use?
FastPay charges a small fixed fee based upon the invoice value and the time a payable is outstanding from the time you advance it, and a one-time setup fee that isn’t charged until you begin using the service. There are no application fees or hidden charges of any kind – ever.
Am I too small for FastPay?
You must currently earn $25,000 a month in revenues to be eligible for Fast Pay. There is no maximum.
Do I have to advance all of my accounts with FastPay?
No. You remain in complete control of your business at all times, and because our pricing is duration based, you pay for only the funding you use, and only when you use it.
How long do I have to have been in business to qualify?
There is no minimum length of time. We have successfully worked with young, fast growing businesses.
How fast can I get funded?
The entire process, from application to funding, takes one week or less, and once you are on board, eligible invoices are funded within one business day.
How soon can I get started?
Right now! Pick up the phone or fill out our form to get started. We’ll be happy to answer any questions, walk you through the process and even create a custom solution to meet your specific needs.