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OnDeck

·May. 8, 2018

Review of OnDeck Q1 2018 Earnings Results

This morning OnDeck released their Q1 2018 earnings. Last quarter we highlighted that the company had reached GAAP profitability which...

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Fintech News Roundup USA

·Feb. 14, 2018

Lend Academy Article: Review of OnDeck Q4 2017 Earnings Results

OnDeck has achieved GAAP profitability and announced some interesting new developments for 2018. Source

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Fintech News Roundup USA

·Nov. 6, 2017

Lend Academy Article: OnDeck Q3 2017 Earnings Results Review

OnDeck released their third quarter financial results today; originations were up 14% from the previous quarter to $531 million; firm plans for GAAP profitability in the fourth quarter and hinted at a new bank partnership for 2018. Source

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News Roundup Online Lending USA

·Sep. 1, 2017

OnDeck Announces 10 Years of Lending

Since launching in 2007, OnDeck has provided over $7 billion in capital to more than 70,000 customers in 700 different industries across the United States, Canada and Australia; creating a new type of commercial loan product for small businesses has been the company's focus since the beginning; its loans support small business activity in the regions it lends and its partnership with JPMorgan is an industry leading example of collaboration between fintechs and banks. Source

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News Roundup Online Lending USA

·Aug. 22, 2017

Unstoppable Trends in Online Lending

2016 was a year filled with shaky investor confidence, compliance issues and bad credit performance in online lending; OnDeck CEO Noah Breslow's 2017 LendIt USA keynote focused on the challenges posed by 2016 and the trends for 2017 and beyond; after seeing how the industry reacted to these challenges he stated that he is now more optimistic than ever before; the industry is maturing and measures of success have shifted; the unstoppable trends include: customer awareness, trust and adoption of online lending, bank partnerships, constructive engagement between the public and private sector, and the global growth of online lending; he also predicts that by the mid 2020's nearly all small business loans will be made online. Source

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Fintech News Roundup USA

·Feb. 20, 2018

Equity Markets See a Rebound and Why Banks Should Buy Online Lenders

In this week’s PeerIQ Industry Update they cover the recent rebound of equity markets after a volatile few weeks, regulatory news and a deep dive on fintech M&A; OnDeck announced they had reached GAAP profitability and it was reported that SoFi missed their internal targets; PeerIQ takes a deep dive on why banks should buy online lenders; some of the key reasons inclined ROE potential for the banks and to avoid potentially losing market share to big tech firms who might enter the space in the next few years. Source.

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Peer to Peer Lending

·Feb. 13, 2018

Review of OnDeck Q4 2017 Earnings Results

As projected, OnDeck reported GAAP profitability when they announced their Q4 2017 earnings earlier this morning. They have been on...

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Peer to Peer Lending

·Nov. 6, 2017

OnDeck Q3 2017 Earnings Results Review

OnDeck has made many changes to the business over the last several quarters. With their latest financial results released today, the...

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News Roundup Online Lending USA

·Aug. 30, 2017

Modern Lenders versus Traditional Banks

Pymnts.com talks with OnDeck executives and reports on alternative lending volumes; online small business lender OnDeck has loaned more than $7 billion to merchants since 2007; OnDeck Chief Revenue Officer Andrea Gellert and Vice President of Marketing and Communications Jim Larkin provide insights on the lending market and OnDeck's lending processes; discuss OnDeck's partnership with JPMorgan and how collaboration is benefiting small and medium size business. Source

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News Roundup Online Lending USA

·Aug. 8, 2017

Lend Academy Article: OnDeck Q2 2017 Earnings Results Review

Originations for the quarter were $464 million; OnDeck continues to tighten their credit policy and limit loans designated as held for sale on OnDeck's marketplace; company seeks to achieve GAAP profitability by the end of the year; the second quarter brought some of the highest quality borrowers the company has ever originated which resulted in OnDeck being in a substantially more stable credit position than six months ago; OnDeck made progress in expanding and lowering the cost of their funding sources on multiple fronts; the partnership with JP Morgan Chase has been extended for up to four years. Source

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