Tagged: ondeck

OnDeck Announces Partnership With Wave to Launch “Lending By Wave” Small Business Financing Program

Online lending platform OnDeck (NYSE: ONDK) announced on Monday it formed a partnership with financial services and software for small businesses provider, Wave, to launch “Lending By Wave” small business financing program to customers in the U.S. and Canada. The duo revealed that under the… Read More

OCC Fintech Charter: We Need a Government that Embraces Financial Innovation

The Office of Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was created by the National Currency Act of 1863 (154 years ago, 20 years before the automobile was invented by Karl Benz from Germany)…. Read More

OnDeck Announces Strategic Partnership With WEX

Small business lender OnDeck announced on Tuesday it formed a strategic partnership with corporate and small business payment solutions, WEX. OnDeck reports that under the new partnership agreement, WEX customers will gain access to the OnDeck product suite of loans up to $500,000 and lines of… Read More

Big Announcement for OnDeck: Receives $200 Million Revolving Credit from Credit Suisse

OnDeck (NYSE: ONDK) announced on Friday the closing of a $200 million asset-backed revolving debt facility with Credit Suisse. The online lender revealed with the announcement it now may obtain funding under the new credit facility with Credit Suisse by accessing $125 million of committed capacity and an additional $75 million of… Read More

Barbara Corcoran Announces Winners of the OnDeck Seal of Approval Contest

Small business online lender OnDeck (NYSE: ONDK) and entrepreneur Barbara Corcoran announced on Wednesday the winners of the 2016 OnDeck Seal of Approval Contest. It was revealed that the winners were chosen from over 1,000 submissions. Each will receive a $10,000 cash prize from OnDeck and a one-on-one… 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

Orchard & OnDeck Partner on Reporting for Institutional Investors

OnDeck (NYSE: ONDK) and Orchard Platform have signed an agreement where Orchard will provide a scalable solution to manage the  reporting for institutional investors purchasing loans via the OnDeck Marketplace. The agreement will also provide OnDeck with access to the entire Orchard for Originators product… 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 Collaborates With “Shark Tank’s” Barbara Corcoran For National Marketing Campaign

On Tuesday, OnDeck (NYSE: ONDK) announced it has teamed up with real estate entrepreneur and Shark Tank judge, Barbara Corcoran, for its new national marketing campaign.  The online lender stated that starting October, Corcoran will be featured in television and radio commercials and customer communications emphasizing OnDeck’s unique ability to… Read More

Moody’s: Marketplace Lending is Good for Small Business Even as Pitfalls Remain

Moody’s has published a report on the marketplace lending industry stating that platforms are “steadily expanding credit to small and medium sized enterprises (SMEs) – but challenges remain. The authors are of the opinion that partnerships with traditional banks may ease the path forward for… Read More

Q&A: Kabbage CEO & Co-Founder Rob Frohwein, Originating $2B Loans & Growing

Before founding Kabbage, Rob Frohwein established, led and advised a number of successful businesses, including LAVA Group, U.S. Micro Corporation and Surgical Biologics. Additionally, he served in business development and legal capacities for ZapMedia and Security First Network Bank. The Villanova law and undergrad alum… Read More

OnDeck Announces Initiative to Help Small Business Owners With Time-Management Issues (Infographic)

Online lender to SMEs, OnDeck (NYSE: ONDK) announced on Tuesday the launch of its initiative that’s dedicated to helping small business owners with time management. According to the lender, this initiative is considered the first of its kind and is in response to its latest… Read More

OnDeck Appoints Capital One Garage Co-Founder As Senior Vice President of Product

On Thursday, online lender to SMEs, OnDeck (NYSE: ONDK), announced it had appointed Gagan Kanjlia as Senior Vice President of Product. Before joining OnDeck, Kanjlia worked for Capital One, where he co-founded the Capital One Garage, a corporate internal incubator for Capital One Financial Services.  Kanjlia,… Read More

OnDeck Announces Accountant Advisor Program Expansion

Online lender to SMEs, OnDeck (NYSE:ONDK), announced on Tuesday it is expanding its Accountant Advisor Program after hiring of new accountant relationship managers in three locations: Louisville, Kentucky, Miami, Florida and Mobile, Alabama. According to OnDeck, the Accountant Advisor Program is a state-of-the-art referral platform helping accounting… Read More

Drums Pounding: New York Financial Regulator Has Sent Letters to 28 Online Lending Platforms

The New York Department of Financial Services apparently is not content with just rifling through recent actions at Lending Club, the state agency has now sent letters to 28 different online lenders.  This is according to a report by Reuters – the news agency happened… Read More

OnDeck Expands Lending Options for Small Businesses in Canada By Introducing New Line of Credit & Loan Terms

On Tuesday, Online lender to SMEs, OnDeck (NYSE:ONDK) announced it was expanding lending Canada’s small businesses by including a line of credit up to CAD$50,000 and loan term up to CAD$250,000 to help meet the growing needs of the country’s 1.1 million small businesses. In… 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

OnDeck Prices New Fixed Rate Notes in a Securitization Transaction

OnDeck (NYSE: ONDK), an online lending platform for SMEs, announced this week it has priced $250 million initial principal amount of Series 2016-1 Fixed Rate Asset-Backed Notes in a private asset-backed securitization transaction. The lending portal stated that the Notes will be issued in two classes that will consist of… Read More

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