16 July 2018
Visit www.avoka.com

Wave partners OnDeck for small business lending

13 February 2017  |  2346 views  |  0 Source: OnDeck

Wave, innovators in financial services and software for small businesses, and OnDeck® (ONDK), the leader in online lending for small business, today announced a partnership in which Wave will offer OnDeck business loans and lines of credit to its customer base.

The new offering, "Lending by Wave," will be available to Wave customers in the United States and Canada.

Under the partnership, Wave will leverage OnDeck's market-leading online small business lending platform to streamline and automate the business borrowing experience, allowing its customers to access OnDeck loans within the Wave ecosystem.

"Cash flow and access to capital are essential for small businesses to grow, but often hard to get, because traditional financial institutions can't serve this segment effectively. Our partnership with OnDeck reinforces Wave's commitment to improving access to a full scope of small business financial services, and provides small business owners a better option than going to a bank for the funds they need to succeed," said Kirk Simpson , CEO and co-founder of Wave.

"OnDeck is excited to partner with Wave to enable its business owners to increase their access to working capital, saving Wave users valuable time, effort and money as they grow their businesses," said Charlie Deutsch , vice president of platform solutions, OnDeck.

Launched in 2010, Wave is a full-service online financial platform that brings together both financial services and software for small businesses, and has signed up 2.3 million customers around the world. As the leader in online lending for small businesses, OnDeck's advanced lending technology and staunch dedication to customer service has enabled the company to deliver more than $5 billion dollars in capital to over 60,000 businesses across the United States , Canada and Australia .

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit http://go.jumio.com/finextraAdVisit www.aciworldwide.com

Who is commenting?

Suresh K Suresh K Commented on: I am the password
A Finextra member Finextra Member Commented on: Mastercard enlists Wor...
A Finextra member Finextra Member Commented on: Mastercard enlists Wor...
A Finextra member Finextra Member Commented on: Mastercard enlists Wor...

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9758 views comments | 18 tweets | 30 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8312 views comments | 3 tweets | 1 linkedin
PayPal ready to spend $3bn a year on acquisitionsPayPal ready to spend $3bn a year on acqui...
8208 views comments | 13 tweets | 17 linkedin
No greater change will occur than that in financial servicesNo greater change will occur than that in...
7792 views comments | 7 tweets | 13 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
7675 views comments | 6 tweets | 14 linkedin

Featured job

Find your next job