Numerated, a Boston-based firm specializing in real-time lending to small businesses, has raised an additional $8 million in financing led by Venrock, FIS and Fintop Capital, bringing the company’s total amount of funding to $17 million.

Numerated officials said the funding will be used to scale operations and meet market demand, according to a press release.

The company also has a new investor, Raj Date, managing director of Fenway Summer Ventures and the founding deputy director of the federal Consumer Financial Protection Bureau. He will join the company's advisory board, offering his banking and lending expertise, according to the release. 

"The industry has been sorely lacking a solution designed specifically for community and regional banks to compete and win against giant global banks and alternative lenders in business banking," Date said in the release.

He said Numerated has "grown to become the market leader" in business lending with its real-time platform.