Fastpay, Creating a new segment for lending to businesses

Despite stabilization of the debt markets, banks are increasingly reticent to lend to the small businesses. Banks have less capital and less of an appetite to lend to the small borrowers. Many of these businesses are as creditworthy as they were in 2008, but they just cannot meet the stringent conservative standards for present day bank loans. Fastpay, a technology driven anti bank, provides commercial loans against digital advertising receivables or Factoring.

Fastpay was founded in 2010. The company started out with a Enterprise Asset Based Lending (ABL) product that leverages data to lend to media foc ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.