Under a new partnership with online small business lender OnDeck, Wave, a provider of financial services and software for small businesses, will offer OnDeck business loans and lines of credit to its customer base.

The new offering, “Lending by Wave,” will be available to Wave customers in the U.S. and Canada.

Under the partnership, Wave will leverage OnDeck’s market-leading online small business lending platform to streamline and automate the business borrowing experience, allowing its customers to access OnDeck loans within the Wave ecosystem.

“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,” said Kirk Simpson, CEO and co-founder of Wave. “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.”

“OnDeck is excited to partner with Wave to enable its business owners to increase their access to working capital, saving Wave users valuable time, effort and money as they grow their businesses,” said Charlie Deutsch, vice president of platform solutions, OnDeck.

Launched in 2010, Wave is a full-service online financial platform that brings together both financial services and software for small businesses, and has signed up 2.3 million customers around the world.

Since 2007, OnDeck has powered growth for small businesses through advanced lending technology, including its proprietary credit scoring system, which enables OnDeck to make real-time lending decisions and deliver capital to small businesses in as little as 24 hours.