On Deck Capital is a startup which has created a technology platform aimed at making it easier for lending banks to gather the data they need to properly vet a loan candidate, and for helping that business make payments.
AllThingsD is reporting that On Deck has announced nearly $100 million in new funding. The capital was raised to give On Deck more capacity to make loans, and demand has been healthy. According to AllThingsD, the company delivered more than $100 million in loan volume over the last 10 months.
This is an interesting project that, hopefully, in conjunction with the crowd-source movement will help need much needed capital to the small business finance sector.