FinTechs Wary Of US Bank Charter Plan
Despite having the chance to apply for banking licenses with the Office of the Comptroller of the Currency, many online lenders are proceeding with caution. According to Reuters, the OCC announced last...
View ArticleOnDeck Launches ODX To Help Banks Lend To SMBs Online
OnDeck Capital has created a unit that will provide technology and services for banks lending to small businesses over the internet. Reuters, citing the company, reported the new company will be called...
View ArticleOnDeck Diversifies With Equipment Finance Loans
OnDeck will be adding a new corporate financing product to its offering next year: equipment finance. In a press release issued Wednesday (Dec. 19) OnDeck said it will introduce equipment finance loans...
View ArticleOnDeck Beats Expectations, Plans To Expand ODX Service
OnDeck beat expectations with its Q4 earnings report, with a surge in loan originations and larger than expected revenue gains. “2018 was a pivotal year for OnDeck and we finished strong,” Chief...
View ArticleHas Alternative Lending Seen Its VC Peak?
In 2015, news outlets ran articles about the “gold mine” of venture capital investments in the alternative finance sector. The industry indeed proved to be lucrative for FinTechs, with alternative...
View ArticleOnDeck Completes Evolocity Merger In Canada
OnDeck has closed the merger between its Canadian operations and small business lender Evolocity Financial Group, also based in Canada. The company announced in a press release Tuesday (April 2) that...
View ArticleOnDeck Launches Same Day ACH Service For SMB Borrowers
Small business lending platform OnDeck is accelerating access to capital for its users through the launch of a same-day funding option. In an announcement on Friday (April 5), OnDeck announced the...
View ArticleOnDeck Tightens Credit Standards As Charge-offs Rise
OnDeck Capital’s shares skidded into the close of a trading day that saw shares down as much as 16 percent, tumbling in the wake of guidance reflecting tighter lending standards amid worsening credit...
View ArticleChase Terminates OnDeck SMB Loan Collaboration
Following its disclosure that JPMorgan Chase would no longer originate new small business loans through OnDeck’s platform hosting Chase Business Quick Capital, shares in OnDeck fell 22 percent....
View ArticleOnDeck Beats Expectations With Rising Origination Volume In Q3
OnDeck beat expectations with its Q3 earnings report on Thursday (Oct. 24), with a rise in loan origination volume. “We had a solid third quarter as origination volume increased, credit quality...
View ArticleOnDeck Q4 Originations Dip, Instant Funding Clients Almost Double
OnDeck fell short of expectations with its fourth-quarter earnings report on Tuesday (Feb. 11), and the financial services firm registered a decrease in loan origination volume. Chief Executive Officer...
View ArticleEmbattled OnDeck Reports $59 Million Net Loss
Already facing harsh criticism from an activist investor, FinTech OnDeck reported a $59 million first-quarter net loss and $57.6 million adjusted net loss due to an increased allowance set aside to...
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Enova To Buy OnDeck In $90M Stock And Cash Deal
Enova International plans to acquire online small-business lender OnDeck for some $90 million in cash and stock. “This strategic transaction, which brings together two FinTech leaders, is a great...
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Today In Payments: Enova To Aquire OnDeck In $90M Deal; PayPal Reports Record...
In today’s top news, Enova will purchase OnDeck in a $90 million stock and cash deal, and PayPal reported record second-quarter earnings. Plus, the testimony of tech giants on Capitol Hill revealed...
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B2B FinTech Sees M&A Boom
Market consolidation is in full swing as organizations explore how to secure their futures in a volatile market. One of the biggest takeover discussions occurring today is that of TikTok by Microsoft...
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OnDeck Teams With HomeAdvisor On SMB Financing
OnDeck, an Enova International brand, has collaborated with HomeAdvisor to help businesses and tradespeople on the HomeAdvisor platform to access financing, according to a Monday (Feb. 22)...
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Today In B2B: SMBs Frustrated By PPP Glitches; OnDeck Collaborates With...
Today in B2B payments, small businesses express frustration with the PPP loan program, while Cirralto plans new funding for its B2B payments tool. Plus, OnDeck partners with HomeAdvisor, MUFG launches...
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Today In B2B: Finadvant Eyes SMB X-Border Payment Pains; Brex Lands $7.4...
Today in B2B payments, Finadvant discusses the cross-border payment pains of small businesses, and Brex raises new funding. Plus, OnDeck readies for asset-backed security sale, Citigroup strengthened...
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