Worldpay, a leading global provider of payment services, announced today its relationship with OnDeck , a technology-powered Main Street lender. Worldpay will leverage OnDeck's platform and proprietary technology to allow its small and mid-sized merchants access to OnDeck financing.
“By teaming with OnDeck, we can help connect our customers with the working capital they need to be successful.”
Worldpay customers rely on the company’s credit card processing services including face-to-face, virtual and mobile payment systems. The relationship will allow Worldpay’s small business customers to obtain working capital from OnDeck for business related growth needs, such as equipment or inventory purchases and hiring. OnDeck’s platform and proprietary credit score, the OnDeck Score™, enables easy application with fast approval and funding. To date, the company has loaned over $1 billion to small businesses in all 50 states across approximately 700 industries.
“This relationship supports both Worldpay’s and OnDeck’s shared commitment to serving small businesses nationwide,” said Jerome Hershey, vice president of business development, OnDeck. “Worldpay’s payment solutions and OnDeck’s financing products are a compelling, and complementary offering.”
“Worldpay is committed to providing services to our small business customers that help them grow their businesses,” said Patti Newcomer, chief marketing officer of Worldpay. “By teaming with OnDeck, we can help connect our customers with the working capital they need to be successful.”