Tagged: noah breslow

May 9, 2021 @ 8:41 pm By Omar Faridi  |  

Matt Harris, a VC focused on financial services and based in New York City, says he’s pleased to welcome Noah Breslow to Bain Capital Ventures as an operating partner. Thrilled to welcome @noahbreslow to Bain Capital Ventures as an operating partner! Noah is a flat… Read More

July 28, 2020 @ 5:41 pm By JD Alois  |  

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

July 11, 2020 @ 10:24 am By JD Alois  |  

OnDeck (NYSE:ONDK), an online lender serving SMEs, is said to be laying off employees in the midst of a challenging market due largely to the COVID-19 crisis. There have been multiple reports regarding OnDeck’s struggle to keep the Fintech afloat. Last June, OnDeck received a… Read More

June 4, 2020 @ 3:51 pm By JD Alois  |  

OnDeck (NYSE:ONDK), an online lender supporting SMEs, is planning to start originating loans at some point in June. This is according to a recent 8-K filed by the company. Last month, it was reported that OnDeck had hit the pause button on lending as it… Read More

April 15, 2020 @ 2:09 pm By JD Alois  |  

OnDeck (NYSE: ONDK), an online SME lender, has been approved as a Small Business Administration (SBA) lender to facilitate the Paycheck Protection Program (PPP), part of the CARES Act Coronavirus assistance program. Under the PPP, OnDeck will be processing and servicing loans on behalf of… Read More

July 29, 2019 @ 7:44 pm By JD Alois  |  

Earlier today before market open, online lender Ondeck (NYSE:ONDK) posted Q2 earnings. Ondeck said that it generated net income of $4.3 million, adjusted net income of $6.9 million and gross revenue of $110.2 million. Second-quarter results were inclusive of the company’s business combination with Evolocity… Read More

October 16, 2018 @ 6:42 am By Erin Hobey  |  

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

March 20, 2018 @ 1:22 pm By Samantha Hurst  |  

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

February 13, 2018 @ 3:50 pm By Samantha Hurst  |  

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

September 1, 2017 @ 8:57 am By Samantha Hurst  |  

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

August 7, 2017 @ 1:16 pm By Samantha Hurst  |  

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

May 8, 2017 @ 8:28 pm By JD Alois  |  

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

March 21, 2017 @ 11:58 am By Samantha Hurst  |  

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

March 6, 2017 @ 11:19 am By Samantha Hurst  |  

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

November 30, 2016 @ 8:52 am By Samantha Hurst  |  

 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

November 4, 2016 @ 9:47 am By Samantha Hurst  |  

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

October 24, 2016 @ 10:45 am By JD Alois  |  

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

October 18, 2016 @ 10:37 am By Samantha Hurst  |  

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

May 5, 2016 @ 11:54 am By Erin Hobey  |  

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

May 2, 2016 @ 6:11 pm By JD Alois  |  

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