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FastPay acquires media finance solutions provider

FastPay, a Los Angeles-based financial technology company providing capital and payments solutions to digital businesses, has acquired AnchorOps, a Westborough, Mass.-based provider of electronic payment solutions for media buyers.

FastPay assesses the creditworthiness of borrowers and can issue working capital loans in excess of $100 million. Jed Simon is the CEO and founder of the company.

AnchorOps President and founder David Frogel will join the FastPay team as chief revenue officer as part of the transaction.