FastPay Funds Altitude Digital In $30M Financing

Los Angeles-based FastPay, the provider of financing products for ad and media driven companies which is led by Jed Simon, has backed mobile and video advertising products firm Altitude Digital with $30M in financing, Altitude said Thursday. Terms of the financing were not announced. Altitude Digital, which is based in Denver, Colorado, offers up a video ad and mobile, supply side advertising platform. FastPay offers up invoice-based financing to many media businesses, who usually see long delays between ad impressions and actual payments from advertisers.