The fund is another example of how fintech startups are diversifying the sources that invest in their loans.
A partnership between financial technology company On Deck Capital and financial services software firm Intuit that generates business loans is supported by a fund also supported by both companies. On Deck Capital and Intuit jointly own a limited liability corporation called Lancelot QBFOD, according to On Deck's quarterly filings. Lancelot is not mentioned in Intuit's most recent quarterly filing with regulators. Lancelot is based in Delaware, according to documents filed with regulators. On Deck filings state that the company "acquired" a 67 percent interest in Lancelot in the third quarter of 2015. On Deck's filings state that 33 percent of Lancelot QBFOD LLC is owned by Intuit. That matches the time frame of On Deck and Intuit's partnership announcement, which came in mid-September last year.