23 May 2019

Latest articles for OnDeck

 

OnDeck offers same-day funding

08 April 2019  |  1233 views  |  0 Company announcement

OnDeck (NYSE: ONDK), the leader in online lending to small business, today announced that it 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.

 

OnDeck merges Canadian ops with Evolocity

03 April 2019  |  1263 views  |  0 Company announcement

OnDeck (NYSE: ONDK), the leader in online lending to small business, today announced it has completed the transaction combining its Canadian operations with Evolocity Financial Group (Evolocity), a Montréal-based online small business lender. The combined companies are majority owned by OnDeck.

 

OnDeck gets $85m credit facility

08 February 2019  |  4073 views  |  0 Company announcement

OnDeck (NYSE: ONDK), the leader in online lending for small business, announced today the closing of an $85 million corporate revolving credit facility with a lender group consisting of four banks.

 

PNC enlists OnDeck for digital business lending platform

25 October 2018  |  4756 views  |  0 Company announcement

PNC Bank, National Association, today announced that in 2019 it plans to begin offering fully digital business lines of credit, up to $100,000, in an expansion of its online lending to customers and prospects in the United States.

 

OnDeck creates subsidiary to work with banks

16 October 2018  |  3614 views  |  0 Company announcement

OnDeck® (NYSE: ONDK), the leader in online lending to small business, today introduced ODX, a new company that will focus on helping banks digitize their small business lending process. ODX will operate as a wholly-owned subsidiary of OnDeck.

 

OnDeck reports strong second quarter

09 August 2018  |  2682 views  |  0 Company announcement

OnDeck (NYSE:ONDK), the leader in online lending for small business, today announced second quarter 2018 Net income of $5.8 million, Adjusted Net income of $10.0 million and Gross revenue of $95.6 million.

 

OnDeck to offer real-time access to capital via small business debit cards

24 October 2017  |  3404 views  |  0 Company announcement

OnDeck (NYSE: ONDK), the nation’s largest online lender to small business, announced today agreements with Ingo Money and Visa to enable real-time1 funding of loans to small businesses via their debit cards, powered by Visa Direct.

 

Chase extends relationship with OnDeck

07 August 2017  |  4197 views  |  0 Company announcement

JPMorgan Chase (NYSE: JPM) and OnDeck (NYSE: ONDK) today announced a contract extension to continue their collaboration on the bank’s digital small business lending product, Chase Business Quick Capital, for up to four years.

 

Big banks more popular than fintechs with US SMEs - survey

13 April 2017  |  11066 views  |  0 News

A survey of small business credit published by the Federal Reserve Bank of New York has revealed that online lenders are less popular with small and medium enterprises (SMEs) than big banks.

 

CreditEase invests $30 million with OnDeck and LendingHome

27 March 2017  |  2814 views  |  0 Company announcement

CreditEase Wealth Management announces today that its Offshore Private Credit Fund ("OPCF") has invested a total of US$30 million in two transactions with OnDeck and LendingHome, after making its first investment in Avant and Prosper last year.

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