On Thursday, online lender to SMEs, OnDeck (NYSE: ONDK), announced it had appointed Gagan Kanjlia as Senior Vice President of Product. Before joining OnDeck, Kanjlia worked for Capital One, where he co-founded the Capital One Garage, a corporate internal incubator for Capital One Financial Services.
Kanjlia, who has 20 years of product, marketing, and engineering experience, has reportedly launched national scale platforms and products in the financial service industry, including the first savings product that earned airline miles, the mortgage’s industry’s instantly-issued mobile pre-qualifications and the U.S.’s second largest digital-only bank.
Sharing details about Kanjlia’s appointment, CEO of OnDeck, Noah Breslow, stated:
“This newly created role on our senior management team reinforces our commitment to product and technology innovation as key drivers of our growth. In addition to leading the product team to optimize our customer experience and existing credit offerings, Gagan will spearhead new initiatives that build upon OnDeck’s expertise in using new data, analytics, and technology to transform small business lending.”
Kanjlia added:
“OnDeck has revolutionized small business lending through its technology, credit platform and deep understanding of small business. I am excited to join an organization that is so vested in helping small businesses grow and I look forward to taking OnDeck’s unique credit solution to the next level.”
This appointment comes just a couple of months after OnDeck announced the expansion of its Accountant Advisor Program and hired new accountant relationship managers in three locations: Louisville, Kentucky, Miami, Florida and Mobile, Alabama. Frank Orofino, director of the OnDeck Accountant Advisor Program, previously explained:
“The new OnDeck Accountant Relationship Managers will enable us to provide the accounting community in the Southeast with attractive financing options for their clients. CPAs and accountants provide an invaluable service to the community. We aim to help them unlock valuable lending insights when it matters most, and bring unprecedented levels of relevancy and timeliness to their client engagements.”
