Tagged: noah breslow

OnDeck Introduces ODX, Brian Geary Selected as President

OnDeck (NYSE: ONDK), a small business online lending platform, has introduced ODX, a new company that will focus on helping banks digitize their small business lending process.  ODX will operate as a wholly-owned subsidiary of OnDeck. “OnDeck is a pioneer of online lending to small… Read More

OnDeck Appoints Kenneth Brause As New Chief Financial Officer

Online lending platform for small businesses OnDeck (NYSE: ONDK) announced it has appointed Kenneth Brause as its new Chief Financial Officer, effective March 26th, as part of a mutually agreed upon transition process. The lender reported that current Chief Financial Officer, Howard Katzenberg. Katzenberg will serve as an advisor to… Read More

OnDeck Reports Fourth Quarter and Full Year 2017 Financial Results

Online lending platform for small businesses OnDeck (NYSE: ONDK) announced on Tuesday the release of its fourth quarter and full 2017 year financial results. The online lender reported it achieved a record $5 million of GAAP net income during the fourth quarter. While sharing more… Read More

OnDeck Celebrates 10 Years of Online Lending

On Friday, online lender for small businesses OnDeck (NYSE: ONDK) celebrated 10 years of lending. The company stated that to date it has provided more than $7 billion in capital to over 70,000 customers in 700 different industries in the U.S., Canada, and Australia. Noah Breslow, CEO… Read More

OnDeck Releases Second Quarter 2017 Financial Results & Announces Extension of Existing Relationship With JPMorgan Chase

On Monday, online lender OnDeck released its second quarter 2017 financial results, which revealed a significant narrow quarterly loss along with providing an update regarding the lender’s ongoing $45 million cost rationalization plan, and reaffirmed it is on track to achieve GAAP profitability by the end of 2017…. Read More

OnDeck Results Disappoint as Shares Move Lower

OnDeck (NYSE: ONDK), a leading online lender targeting small business, published Q1 results today. While the lending platform reported and increase of loans under management to $1.2 billion, a 25% increase versus prior year, the news was not good enough to boost shares in the… Read More

OnDeck Appoints Former Morgan Stanley COO Jim Rosenthal to Board of Directors

Online lending platform OnDeck (NYSE: ONDK) announced on Monday former Morgan Stanley COO, Jim Rosenthal, is set to join its board of director. This appointment will go into effect on April 3rd.  OnDeck reported during his tenure at Morgan Stanley, Rosenthal served in various roles, including… Read More

Coalition for Responsible Business Finance Joins Forces With The Innovative Lending Platform Association to Operate As One New Trade Organization

On Monday, the Innovative Lending Platform Association (ILPA) and the Coalition for Responsible Business Finance (CRBF) they are joining forces and will now operate as one new trade organization that represents a diverse group of online lending and service companies serving small businesses. It was… Read More

OnDeck Appoints Nick Brown as Chief Risk Officer

 OnDeck (NYSE: ONDK) announced on Wednesday it appointed Nick Brown as its new Chief Risk Officer. Brown will reportedly oversee the online lender’s credit and risk management strategy and execution, which includes credit and operational risk controls, portfolio monitoring, and the further development and optimization… Read More

OnDeck Releases 2016 Third Quarter Results

On Thursday, online lender for small business OnDeck (NYSE: ONDK) released its 2016 third quarter results. The platform shared that the report revealed its Loans Under Management saw an increase of 44% year-over-year to $1.1 billion, Originations by 27% to $613 million, and gross revenue by 15%… Read More

OnDeck, Kabbage & CAN Capital Launch Loan Comparison Tool Smart Box

OnDeck (NYSE:ONDK), CAN Capital and Kabbage, have joined together to launch a loan comparison tool to help small businesses better compare finance options. As part of their participation in the Innovative Lending Platform Association (ILPA), the three online lenders have created “Straightforward Metrics Around Rate… Read More

Brief: OnDeck Teams Up With “Shark Tank” Star Barbara Corcoran For Annual Seal of Approval Contest

On Tuesday online lender for small business OnDeck (NYSE: ONDK) announced it is teaming up with Shark Tank star Barbara Corcoran for its annual Seal of Approval Contest. This is the second year that the lender and Corcoran have formed a partnership to help three small businesses take home… Read More

OnDeck, Kabbage & CAN Capital Charter Members of Innovative Lending Platform Association

Online small business lending platforms OnDeck (NYSE: ONDK), Kabbage and CAN Capital – today announced the formation of the “Innovative Lending Platform Association,” which will focus on advancing small business online lending education, advocacy, and best practices.  Together the three founding companies have provided access to… Read More

OnDeck Reports Q1 Results. Tempers Fiscal 2016 Expectations

Online lender to SMEs, OnDeck (NYSE:ONDK) announced their Q1 results after the bell today that disappointed investors while guiding lower for the year.  Shares of OnDeck took a bit of a beating after hours following the earnings release as the numbers missed analyst expectations. Perhaps… Read More

Orchard Works to Shape the Future of Marketplace Lending with Partner Forum

Orchard Platform will be holding its first Partner Forum designed to help shape the future of marketplace lending.  The inaugural event will involve Orchard executives alongside industry executives such as Noah Breslow of OnDeck, Ron Suber of Prosper and Tom Glocer of Angelic Ventures. According… Read More

OnDeck Delivers Q4 Results. Beats Expectations but Guides Lower

OnDeck (NYSE:ONDK) reported 4th quarter and full year results after the bell today.  The online lender beat expectations by $0.01 but guided lower than market consensus. According to the release, OnDeck loaned more than $1.9 billion to SMEs for  2015, increasing gross revenue by 61%… Read More

OnDeck Adds Former E*Trade Exec to Board of Directors; Schedule to Announce Earnings

Earlier this week, platform for small business loans OnDeck announced it has added former chief financial officer of E*Trade, Bruce Nolop, to its Board of Directors. Nolop currently holds board positions with Marsh & McLennan Companies, Inc., a global professional services firm; TEGNA Inc., a broadcast and… Read More

OnDeck CEO: We Realized the Traditional Banking Model of Waiting 4 to 6 Weeks Wasn’t Optimal (Video)

Noah Breslow, CEO of OnDeck (NYSE:ONDK), walked over to the studios of CNBC to talk about their recent partnership with JP Morgan and the future of credit.  Breslow started by stating the obvious; driving to a branch and then waiting multiple weeks for a loan… Read More

Intuit Teams Up With OnDeck to Launch $100M Small Business Lending Fund

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

OnDeck CEO Noah Breslow Shares His Innovative Vision for Marketplace Lending: Transforming How Money Flows

“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

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