Tagged: ondeck

September 27, 2016 @ 1:50 pm By Samantha Hurst  |  

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

August 31, 2016 @ 11:35 am By Samantha Hurst  |  

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

August 23, 2016 @ 4:00 pm By Erin Hobey  |  

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

August 23, 2016 @ 11:48 am By Samantha Hurst  |  

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

August 11, 2016 @ 11:03 am By Samantha Hurst  |  

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

June 7, 2016 @ 11:12 am By Samantha Hurst  |  

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

June 3, 2016 @ 6:27 pm By JD Alois  |  

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

May 24, 2016 @ 9:04 am By Samantha Hurst  |  

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

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

April 28, 2016 @ 3:17 pm By Samantha Hurst  |  

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

April 11, 2016 @ 11:25 am By Samantha Hurst  |  

OnDeck (NYSE: ONDK), an online lending platform for small business, and Minor League Baseball, announced on Monday that they are renewed their partnership to help small business owners. OnDeck will reportedly serve as an “Official Partner of Minor League Baseball” and the “Proud Partner” of 15 minor league… Read More

April 7, 2016 @ 7:30 am By JD Alois  |  

Last year JPMorgan Chase CEO Jamie Dimon rattled Wall Street by stating the obvious. FinTech firms popping up across Silicon Valley and around the world were looking to challenge traditional banks and siphon their business away. This year the message from the fabled CEO has changed…. Read More

March 21, 2016 @ 4:41 pm By JD Alois  |  

Innovate Finance and US Fintech firms have forged a “Transatlantic Policy Working Group” (TPWG) to help promote an open and collaborative approach with respect to Fintech policy in both the UK and UK, as well as around the world.  According to Innovate Finance, the objective… Read More

March 15, 2016 @ 9:00 am By JD Alois  |  

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

March 15, 2016 @ 8:00 am By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a platform for small business loans, announced on Tuesday the appointment of Frank Orofino to lead its Accountant Advisor Program. In the new role, Orofino will oversee a team of OnDeck relationship managers who work directly with CPAs and the accounting community to… Read More

February 22, 2016 @ 6:58 pm By JD Alois  |  

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

February 4, 2016 @ 4:14 pm By Samantha Hurst  |  

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

February 2, 2016 @ 5:18 am By Erin Hobey  |  

J.P. Morgan Chase & Co. has agreed to acquire nearly $1 billion worth of personal loans arranged by LendingClub Corp., people familiar with the deal reported Nasdaq’s Telis Demos. The portfolio, worth just over $900 million and comprising loans made to consumers with an average FICO… Read More

January 14, 2016 @ 11:18 am By JD Alois  |  

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

December 30, 2015 @ 10:23 am By JD Alois  |  

Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings on notes issues by Marketplace Loan Trust.  The primary sponsor of the Trust is Jefferies Asset Funding.  The ratings are A(sf) to Class A Notes and BBB(sf) to Class B Notes.  While OnDeck was not the sponsor… Read More