Tagged: ondeck

February 23, 2021 @ 11:46 am By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Tuesday it has formed a new partnership with HomeAdvisor to support home service professionals and companies on the HomeAdvisor network with access to transparent, flexible, and timely financing options.  According to OnDeck, the collaboration will… Read More

February 21, 2021 @ 6:32 pm By Omar Faridi  |  

OnDeck notes that the Small Business Administration (SBA) and US Treasury Department have resumed the Paycheck Protection Program (PPP) for First Draw Loans (on the week of January 11, 2021, and on January 13, 2021). OnDeck, which was acquired by Enova (NYSE:ENVA) last year, has… Read More

October 13, 2020 @ 9:16 am By Samantha Hurst  |  

    Enova (NYSE:ENVA) announced on Tuesday it has officially completed the acquisition of online lender OnDeck (NYSE:ONDK). Enova revealed in July 2020 it had purchased OnDeck for $1.38 a share, including $0.12 in cash. As previously reported, Enova is a provider of online financial… Read More

August 25, 2020 @ 7:00 am By JD Alois  |  

ODX, a subsidiary of OnDeck (NYSE: ONDK) – a Fintech that was recently purchased by Enova, has announced the launch of a “Digital Account Opening” (DAO) experience, adding to its suite of services offered by the company.  The DAO service is designed to streamline onboarding… Read More

July 31, 2020 @ 11:28 am By JD Alois  |  

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

July 29, 2020 @ 12:19 pm By JD Alois  |  

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

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 12, 2020 @ 3:02 pm By JD Alois  |  

Yesterday, Crowdfund Insider reported on layoffs at OnDeck (NYSE:ONDK) – an SME focused online lender. Like many online lenders, COVID-19 has hit this sector of Fintech hard. Looking for additional insight into the challenges the industry CI reached out to an industry insider for their perspective… 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 6, 2020 @ 1:55 pm By JD Alois  |  

OnDeck (NYSE: ONDK), an online lender serving SMEs, has received a notice from the New York Stock Exchange (NYSE) as the company does not meet the continued listing standard that requires OnDeck to maintain a minimum average closing price of $1.00 per share over 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

May 11, 2020 @ 11:17 pm By JD Alois  |  

There has been a lot of chatter regarding the fate of Fintech lenders in the past few weeks. The COVID-19 pandemic has hammered online lenders as sources of capital have shied away and some borrowers have backed off. Existing borrowers are not always making payments… 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

February 7, 2020 @ 1:22 pm By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, recently announced he has appointed Linda Tan as its new Head of Internal Audit. OnDeck reported that Tan will oversee its Internal Audit team and deliver independent, objective assurance and advisory audit services that align with… Read More

January 29, 2020 @ 9:31 am By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, recently announced it has appointed Scott Totman as the company’s Chief Product and Technology Officer. OndDeck reported that Totman will oversee its engineering, product, and design organizations with a focus on building the next generation of… Read More

December 16, 2019 @ 2:05 pm By Omar Faridi  |  

Mambu, a cloud-based banking solution, revealed on December 12 that it had been chosen by ODX, an established provider of digital lending products for small businesses and a subsidiary of OnDeck (NYSE:ONDK), in order to provide servicing technology for ODX’s digital lending platform. The steady… Read More

September 13, 2019 @ 10:51 pm By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Friday its latest survey reveals that the economy is a top concern for small businesses ahead of next year’s presidential election. According to OnDeck, the survey is the first in a series that the… 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

July 25, 2019 @ 3:25 pm By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday it has appointed Lonnie Hayes as the new head of sales and strategy for ODX, a wholly-owned subsidiary of OnDeck that assists banks with streamlining and digitizing small business credit origination. According to… Read More

July 17, 2019 @ 8:46 am By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday it has formed a new partnership with  Upserve, a restaurant management platform, to provide Upserve’s restaurant customers with online financing options from its website. According to OnDeck, more than 10,000 restaurants currently use… Read More