Enova International entered into a definitive agreement to acquire all outstanding shares of OnDeck in a cash and stock transaction valued at approximately $90 million. read more

JUL 30, 2020 - 7:09 am

Online lender OnDeck appointed Deb Stroff chief people officer. Stroff will be responsible for leading all aspects of people strategy, including overseeing organizational design, talent management, recruiting, leadership development and learning. read more

MAY 14, 2019 - 5:50 am

Online lender OnDeck reported first quarter 2019 net income of $5.9 million, a decrease from the $14 million net income from Q4/2018, primarily due to higher loan loss provision, higher operating expenses and an accrual for income taxes. read more

MAY 3, 2019 - 6:55 am

OnDeck will offer to fund and debit customer bank accounts with Same Day ACH transfers, eliminating a decades long pain point for small business owners accustomed to the traditional ACH transfer process, which can take multiple days and lacks certainty on when the transactions will hit bank accounts. read more

APR 8, 2019 - 7:35 am

OnDeck reported Q2/18 originations of $587 million, an increase of 26% from a year ago, with growth in both term loans and lines of credit. Total assets increased from $996 million at year end in 2017 to $1,072 million as of June 30, 2018. read more

AUG 8, 2018 - 6:55 am

OnDeck reported a Q1/18 net loss of $1.9 million, which was down from a net loss of $11.1 million in Q1/17 as provision charges were $9.9 million lower compared to a year earlier. read more

MAY 8, 2018 - 3:19 pm

OnDeck appointed Kenneth A. Brause CFO. Brause previously worked for CIT as treasurer. Prior to that, he led the North America Banking group, including oversight of the Equipment Finance division. read more

MAR 13, 2018 - 6:56 am

OnDeck reported Q4/17 net income of $5.1 million compared to a net loss of $35.9 million for the same quarter in 2016. Q4/17 provision charges of $34.4 million compared to $55.7 million for the same quarter a year earlier. read more

FEB 14, 2018 - 7:19 am

OnDeck hired Kelly Merrill and Erich Wust as SVP of Finance and SVP of Portfolio Management, respectively. The former was previously with GE Capital, the latter with SunTrust Bank. read more

DEC 12, 2017 - 7:42 am