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.
Los Angeles is turning into a surprising hub for financial technology startups. We profile four of the area's interesting "fintech" companies.
Launching today, the San Francisco-based startup is using technology to experiment with lower interest rates, and ensure that loans are a way to help people move up the ladder. Unlike other small-dollar lenders, there are no hidden fees or rollovers, and loan decisions are instant.