Saturday, May 30, 2020

Q1Media Gets $6M Credit Line to Pay Faster from FastPay

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Pesach Lattin
Pesach Lattinhttp://pacevegas.com
Pesach "Pace" Lattin is one of the top experts in interactive advertising, affiliate marketing. Pace Lattin is known for his dedication to ethics in marketing, and focus on compliance and fraud in the industry, and has written numerous articles for publications from MediaPost, ClickZ, ADOTAS and his own blogs.

Founded in 2004, Q1Media serves regional and national marketers by reaching custom audiences via high-performing digital advertising across video, display and mobile. Q1Media offers over a decade of experience combined with ongoing innovation that drives results for marketers.

With funding from FastPay, Q1Media made the choice to retain their ownership while expanding their business to continue to meet the growing needs of their publishers and advertisers. Q1Media leveraged their top tier accounts receivable clients to quickly secure a line of credit which will fund out of FastPay’s LA office.

Based in Austin, Texas, Q1Media has been recognized several times for its financial success and culture, including three appearances on the Inc. 5000 list, once on the Forbes Most Promising Companies list, twice on Deloitte’s Fast 500 list and twice on the Austin Business Journal’s Fast 50 list.

This transaction highlighted FastPay’s ability to work quickly and get Q1Media the working capital they needed during the industry’s highest volume quarter, ensuring they would start 2017 strongly.

This relationship between Q1Media and FastPay demonstrates the qualities that have established FastPay as a leader in FinTech:
• Fast, data-driven decision making
• A unique understanding of key players in digital advertising
• Flexible lending with no financial covenants
• Expertise and comfort with rapid growth
• A client-focused approach

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