FastPay, a financial technology company that provides lending and payment solutions to digital businesses, along with Tennenbaum Capital Partners, LLC announced the close of an $80 million international credit facility for Videology. Videology is a global converged TV and video software provider with offices across the United States, Europe, Canada, Asia and Australia.

"We, at FastPay, are excited to partner with Videology," said Jed Simon, CEO and Founder of FastPay. "I've admired Scott Ferber for years—the team at Videology is highly innovative and uniquely positioned to solve the industry's marketing challenges through its powerful unified software solution." 

Videology, founded in 2007, was one of the first technology companies to bring results-driven, reservation-based video advertising software to the marketplace.  Their vision of a converging, data-fueled TV and video landscape shaped their product development, and led to unique solutions for agencies, advertisers and media companies. Today, the company continues to expand and innovate along with advanced TV advertising's rapid growth trajectory.

The partnership illustrates FastPay's distinct ability to understand the financial needs of digital businesses in rapid growth sectors. FastPay's expertise in the digital media ecosystem, including its proprietary data on partners within the space, provided Videology the resources they needed to establish a flexible credit facility.

"FastPay and Tennenbaum showed a deep understanding of the evolving media ecosystem, and quickly recognized the strength of Videology's position within the advanced TV marketplace," said Scott Ferber of Videology. "The facility provides the additional liquidity we need to expand our business further and faster—so important in such a quick moving, high growth space. We are fortunate to be working with this great team."

The collaboration allowed Videology to leverage FastPay's expertise in financing ad-tech businesses, including its advanced proprietary loan servicing platform, and Tennenbaum's experience in providing flexible structured capital solutions to high-growth companies in technology and media.  Because of this combined expertise, the transaction was executed with unprecedented speed and efficiency for a credit facility of this size.