OnDeck Related Content

OnDeck Swings to Q4 Profit on Lower Provision Charges

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

OnDeck Adds BlackRock Fund to Platform of Financing Partners

A fund managed by an investment advisor subsidiary of BlackRock joined OnDeck’s platform of financing partners as a committed source of capital to fund small business loan growth. read more

OnDeck Adds Former GE Capital, SunTrust Executives to Finance Team

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

Former OnDeck Director Joins Pearl Capital as Chief Revenue Officer

Jared Kogan joined Pearl Capital Business Funding as chief revenue officer. Previously, Kogan spent 10 years in the fintech space, most recently as director of OnDeck’s broker division. read more

OnDeck Celebrates 10 Years of Lending Innovation

OnDeck marked a decade of providing small businesses with access to capital. read more

OnDeck Reports Lower Q2 Losses; Originations Down on Loan Tightening

OnDeck reported lower Q2/17 net losses compared to the same quarter in 2016. Loan volume of $464.4 million was down from $589.7 million a year earlier. read more

CEMC Equipment Financing Innovation Summit Commences

The Commercial Equipment Marketplace Council is meeting in Laguna Beach, CA this week to discuss technology’s place in driving equipment financing efficiencies. read more

OnDeck Reports Q1 Net Loss Despite 48% Increase in Revenue

OnDeck reported a Q1/17 net loss of $11.1 million despite a gross revenue increase of $30.3 million, which was partially offset by loan loss charges of $46.2 million, up from $25.4 million in Q1/16. read more

Reuters: Kabbage Raising Money for Acquisitions

Reuters reported online lender Kabbage is in talks to raise equity funding that could be used for acquisitions. OnDeck was named as a possible target. read more

OnDeck Reports Higher FY Net Loss as Provision Charges Double

OnDeck reported a net loss of $83.0 million for full-year 2016, up from a net loss of $1.3 million a year earlier. The company noted its provision for loan loss charges doubled from $74.9 million 2015 to $150 million in 2016. read more

Wex, OnDeck Enter Financing Partnership Agreement

WEX, a provider of corporate and small business payment solutions, announced a partnership with OnDeck. WEX will offer business financing from OnDeck to its small business customers. read more

OnDeck Expands Outreach to Accountants

Online lender OnDeck is expanding its Accountant Advisor Program with the hiring of new accountant relationship managers in Miami, Louisville, KY, and Mobile, AL. read more

OnDeck Responds to Treasury RFI on Online Marketplace Lending

In response to the Treasury Department’s RFI online marketplace lending, Online OnDeck said it values the department’s “interest in learning more about how our lending and technology innovation are helping Main Street.” read more

Intuit, OnDeck to Launch $100MM Small Business Lending Fund

Intuit is partnering with OnDeck to launch the new QuickBooks Financing Line of Credit to provide faster access to lower-rate small business loans. read more

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