M&A activity almost came to a halt in 2020, but 2021 has kicked off with a flurry of activity. James Jackson reviews the notable transactions of the last year and says future economic indicators point to continued M&A activity in 2021 as well as strong valuations of quality equipment finance companies.... read more
May 2021
Enova International completed the acquisition of OnDeck Capital for approximately $122 million. In July, Enova entered into a definitive agreement to acquire all outstanding shares of OnDeck in a cash and stock transaction that was originally valued at approximately $90 million. read more
OCT 14, 2020 - 6:53 am
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
OnDeck reported Q4/19 net income of $9.3 million was down 44% while gross revenue remained flat. Full-year net income and gross revenue showed year-over-year gains of 3.7% and 12%, respectively. read more
FEB 12, 2020 - 6:50 am
According to a new national election survey of small business owners by OnDeck, the economy (14.9%) remains the top issue for small business owners. read more
FEB 4, 2020 - 6:50 am
OnDeck appointed Linda Tan as vice president and head of Internal Audit. read more
FEB 4, 2020 - 6:35 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
A new survey of more than 1,200 small business owners by OnDeck
finds 37 percent of those surveyed expect the tax changes in the Federal Tax Cuts and Job Act to have a positive impact on their businesses. Sixty-three percent of respondents plan to invest in new equipment/leases. read more
APR 9, 2019 - 7:05 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 announced fourth quarter 2018 net income of $14 million, an increase from $9.8 million from the previous quarter. The company’s full year 2018 net income of $27.7 million was significantly improved from its net loss of $11.5 million in 2017. read more
FEB 13, 2019 - 7:05 am
OnDeck will offer equipment finance loans in 2019. The online small business lender hired Key Equipment Finance veteran Mark Erickson to lead. read more
DEC 19, 2018 - 7:00 am
New board members, Chandra Dhandapani and Manolo Sánchez will bring decades of banking, lending and financial technology expertise in large scale organizations to OnDeck. read more
NOV 16, 2018 - 6:43 am
OnDeck closed a $175 million asset-based revolving credit facility consisting of funds provided by Liberty Mutual Insurance and its affiliates and funds managed by affiliates of Ares Management. read more
AUG 9, 2018 - 6:30 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