Small business financial services and software provider Wave now offers business loans and credit lines to its customers through a partnership with OnDeck. Lending by Wave is available to Wave’s American and Canadian customers who will be able to access OnDeck loans through Wave’s network.
“Cash flow and access to capital are essential for small businesses to grow, but often hard to get, because traditional financial institutions can’t serve this segment effectively,” Wave cofounder and CEO Kirk Simpson said. “Our partnership with OnDeck reinforces Wave’s commitment to improving access to a full scope of small business financial services, and provides small business owners a better option than going to a bank for the funds they need to succeed.”
Wave launched in 2010 and has 2.3 million global customers.