Los Angeles based FastPay, a fintech that specializes in providing financing to media companies, has acquired AnchorOps, an electronic payment solutions provider for media buyers.

Terms of the transaction were not disclosed.

According to a company statement:

Combining FastPay’s focus on lending to media sellers and AnchorOps’ proficiency in payments and reconciliation for media buyers creates a unified platform that reduces friction and improves efficiency for the entire $600B global advertising industry, from invoicing to payment disbursement.

The combined company has more than 100 employees with five offices globally.

Read more at FastPay and TechCrunch.