AvidXchange Acquires FastPay

New York and San Francisco – Paul Hastings LLP, a leading global law firm, announced today that the firm advised AvidXchange, a leading provider of accounts payable and payment automation solutions for the middle market, in its acquisition of FastPay, a leading provider of payments automation solutions for the media industry.

FastPay will become known as “FastPay, an AvidXchange company.” Other recent acquisitions for AvidXchange, include Core Associates, the makers of TimberSan, and BankTEL, a provider of accounting solutions to more than 20 percent of U.S. banks.

The Paul Hastings team was led by partner Dana Kromm, and also included partner Christopher Austin and associate Tiffany Jones.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.