Through this deal, AvidXchange expands its portfolio of automated payments technologies and services to middle market companies across the media landscape in the US.
FastPay will become known as ‘FastPay, an AvidXchange company’, and will be led by Secil Baysal who will take on the role of SVP/GM of Media.
Other recent acquisitions made by AvidXchange include Core Associates (‘Core Associates, an AvidXchange company’), the makers of TimberScan and complementary AP solutions for construction industry professionals; and BankTEL (‘BankTEL, an AvidXchange company’), a provider of accounting solutions to more than 20% of banks across the US.
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