1. “There are banks and then there are
partners who understand the financial
complexities surrounding the media
and publishing landscape. FastPay is
that partner for us.”
- Michael Laur, COO, Woven Digital
Founded in 2010, Culver City-based media company
Woven Digital had been searching for an institution
that understood the complexities around the
monetization of digital content. Having both deep
knowledge and experience with the digital media
market made FastPay the perfect lending partner.
FastPay began advancing revenue off of Woven’s
media receivables, enabling Woven to make larger and
more immediate investment into key initiatives that
helped lay the framework for the future of its
business. Woven’s brands, including Uproxx and
BroBible, now attract over 90M monthly visitors and
one in every two men ages 18-34.
OVERVIEW
By 2014, Woven had navigated through critical transition points in the company’s development,
reaching 45 times revenue growth during a four- year period. The company had also raised $18M in
equity. Given the publicity around the large infusion of capital, many large commercial banks pursued
Woven’s business, however traditional banks failed to comprehend the nuances involved in the finances
of a digital media company.
THEIR EXPANSION
After an exhaustive search, Woven realized bank requirements were not consistent with the flexibility to
which they’d grown accustomed, so they decided to pursue growing their FastPay relationship. Chief
Operating Office and Co-Founder Michael Laur explained, “FastPay understands the media business in
ways traditional financial institutions do not. We quickly realized that as far as partnerships go, we
needed to work with partners who not only intimately understand the space but could afford us the
flexibility to scale quickly. FastPay is exactly the partner that allows us to do this.”
THEIR SUCCESS
www.gofastpay.com
FASTPAY AND WOVEN
DIGITAL: A PARTNERSHIP
BUILT FOR SCALE