Tagged: Enova

OnDeck Pairs with Enova: Fintech Consolidation Expected to Continue

Earlier this week, OnDeck (NYSE:ONDK) announced it was being acquired. For months, there had been rumors circulating that OnDeck had put itself up for sale. During Q1, OnDeck CEO Noah Breslow said during its earnings call that OnDeck was working with its board of directors… Read More

OnDeck Shares Hold Gain Following Enova’s Acquisition Announcement

OnDeck (NYSE:ONDK) announced it was being acquired by Enova yesterday. The news of the acquisition should not have come as much of a surprise as rumors have been circulating for some time now. In May, Crowdfund Insider reported on these rumblings while referencing previous comments… Read More

OnDeck Acquired by Enova for $1.38 a Share

Enova (NYSE:ENVA) has acquired online lender OnDeck (NYSE:ONDK) for $1.38 a share including $0.12 in cash, according to a corporate release. Shares in OnDeck jumped in after-hours trading moving from around $0.85/share to around $1.22/share. Under the terms of the agreement, OnDeck shareholders will receive… Read More

Fintech Infrastructure Developer Ocrolus Reveals New Premium Extension to its Core Tech Platform

Ocrolus, an established Fintech infrastructure development firm that converts documents into actionable data with high accuracy, recently revealed a new premium extension to its core tech platform. During a reception in New York, the firm introduced Ocrolus+, a solution for processing documents and online data… Read More

UK’s Largest Payday Loan Provider QuickQuid to Shut Down, Despite Thousands of Pending Complaints

The United Kingdom’s largest remaining payday loan company will be shutting down its operations, despite thousands of complaints regarding its lending procedures still unresolved. Chris Laverty, Trevor OSullivan and Andrew Charters of Grant Thornton were appointed as joint administrators of QuickQuid on 25 October 2019,… Read More

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