The finance industry is under attack from startups. Dealstruck initiated the latest front of this battle today with its crowdfunding alternative to business loans from banks.
On Deck says it opened its round to further investment so it can build more products, and hire technical talent. But the company will also benefit from its association with Thiel, a major player in Silicon Valley, and a notoriously founder-friendly investor.
The day before Valentine’s Day is Galentine’s Day. Check out which companies announced funding on this auspicious occasion.
On Deck’s mission lend cash to small businesses has helped it raise a fresh $42 million.