Tagged: ondeck

December 30, 2015 @ 10:23 am By JD Alois  |  

Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings on notes issues by Marketplace Loan Trust.  The primary sponsor of the Trust is Jefferies Asset Funding.  The ratings are A(sf) to Class A Notes and BBB(sf) to Class B Notes.  While OnDeck was not the sponsor… Read More

December 2, 2015 @ 9:22 am By JD Alois  |  

Yesterday JP Morgan Chase CEO Jamie Dimon spoke about partnering with a peer to peer lending platform without mentioning the company by name.  Later in the day, it was shared that OnDeck Capital has announced a strategic partnership with JPM where the largest bank in… Read More

October 26, 2015 @ 4:22 pm By Samantha Hurst  |  

Bizfi, the premier fintech company with a platform that combines aggregation, funding and a participation marketplace for small businesses announced that it originated more than $127 million in business financing in the third quarter of 2015. This represents a double-digit percent increase in originations compared… Read More

September 28, 2015 @ 11:58 am By Samantha Hurst  |  

Crowdnetic, a provider of technology and market data solutions to the marketplace lending industry, today announced the launch of “Marketplace Lending Gateway” (“Gateway”), a centralized technology platform that connects loan applicants from banks and retailers to alternative funding sources through a real-time matching and allocation… Read More

September 17, 2015 @ 10:12 am By Samantha Hurst  |  

Intuit Inc. (NASDAQ:INTU) is partnering with OnDeck  (NYSE: ONDK), a leading platform for small business loans, to launch the new QuickBooks Financing Line of Credit to provide faster access to lower-rate small business loans. This first-of-its-kind financing solution enables small businesses to use their QuickBooks… Read More

September 16, 2015 @ 11:43 am By Samantha Hurst  |  

Bizfi, a fintech company that combines aggregation, funding and a participation marketplace on one platform for small businesses, announced it has launched both an API (application protocol interface) and a white label solution which will enable partner companies to offer direct lending solutions to their… Read More

August 10, 2015 @ 10:30 am By Candace Klein  |  

  As traditional lending tightened for consumers and small businesses, following the 2008 recession and the Dodd Frank regulatory environment that followed, alternative lending has now become quite the burgeoning new industry. And with alternative lenders ranging the gamut from near-bank products and terms to… Read More

July 23, 2015 @ 10:15 am By Midori Yoshimura  |  

As the founder of Merchant Cash and Capital (MCC), a small business alternative lending company that has also worked with companies from UPS to Pita Pit, Stephen Sheinbaum oversees a company that is using leading technology to change the way small businesses get capital. Prior… Read More

May 23, 2015 @ 11:04 am By JD Alois  |  

According to research by Morgan Stanley, peer to peer lending is set to rocket to $22 billion within the next 5 years in Australia.  This is a country with a population of just 24 million.  This highlights the collision path between traditional finance and disruptive… Read More

May 22, 2015 @ 10:00 am By Erin Hobey  |  

“We are extremely excited by the possibilities of the next decade in the alternative finance market… OnDeck’s vision is to transform how money flows to small businesses by leveraging our platform to provide capital on demand for small business owners. The data flowing through a small… Read More

April 16, 2015 @ 12:03 pm By Anthony Zeoli  |  

It is clear that peer-to-peer (P2P) lending is here to stay but long gone are the days of actual “peers” lending to “peers.” Today Wall Street firms, hedge funds and other “big money investors”, make up the overwhelming bulk of the funds being lent through… Read More

April 15, 2015 @ 2:00 am By Midori Yoshimura  |  

  OnDeck Capital, which offers short-term loans to businesses of between $5,000 and $250,000, and Prosper Marketplace, a peer-to-peer lending marketplace, today announced their new strategic partnership, according to a story in New York Business Journal. The partnership was made public at the LendIt financial tech conference… Read More

March 27, 2015 @ 8:25 am By JD Alois  |  

VPC Speciality Lending Investments (LSE:VSL) has published a brief comment stating they have added investments in several direct lenders including OnDeck Capital, Funding Circle (USA), Upstart Network, Borro and Kreditech.  VPC has also provided a balance sheet loan to Applied Data Finance.  The company acquired… Read More

February 25, 2015 @ 9:26 am By JD Alois  |  

On Deck Capital, Inc. (NYSE: ONDK), reported earnings this week alongside P2P industry leader Lending Club.  This is the first quarterly releases for OnDeck since the platform listed shares on the NYSE this past December. On Deck is a peer to peer lending platform that focuses… Read More

January 23, 2015 @ 9:45 am By Erin Hobey  |  

Fintech BlueVine Capital secured $18.5 Million from investors reported Lizette Chapman reported for Dow Jones VentureWire.  Based in Palo Alto, Calif., BlueVine was founded in 2013 by Chief Executive Eyal Lifshitz while he was a principal at venture firm Greylock IL, and currently employs 18 people. “Other companies, such as Kabbage Inc…. Read More

January 18, 2015 @ 6:19 pm By David Klein  |  

Lending Club’s IPO was massively successful. Up 56% on the first day of trading. $1B of additional cash raised. Largest IPO out of Silicon Valley in 2014. Higher market valuation than all but 14 banks in the U.S. That it was the first “peer-to-peer” lending company to go public made… Read More

January 5, 2015 @ 10:09 am By Erin Hobey  |  

In a recent post on FxPro by Ron Finberg, he cites the fintech tends to watch during 2015, may they be “either high opportunities or stumbling blocks,” as “service-based investing,” robo investing (“anti-social trading”) and digital-based crowdfunding. “Fintech was a great sector to be in… Read More

December 17, 2014 @ 1:11 pm By JD Alois  |  

The next peer to peer lending platform to publicly trade, OnDeck, hit the screens of the NYSE today trading under the symbol ONDK.  The company filed its S-1 with the SEC this past November catching the wave of Lending Club’s IPO success earlier this month…. Read More

November 10, 2014 @ 6:19 pm By JD Alois  |  

OnDeck, an online platform for small business lending, has  announced that it has filed an S-1 registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. OnDeck has applied to list its common stock on the New… Read More

March 6, 2014 @ 11:19 am By JD Alois  |  

OnDeck, a company that believes in small business, announced today it raised $77 million in a growth investment round led by Tiger Global Management with participation from existing investors Institutional Venture Partners, RRE Ventures, SAP Ventures, Google Ventures, First Round Capital, Industry Ventures and Peter Thiel. OnDeck… Read More