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 a green deposit solution for corporates and Biden narrows PPP’s focus on the smallest of...
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) announcement. “Through this partnership, HomeAdvisor professionals will have timely access to OnDeck’s suite of small business financing options,...
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 (potentially), but consumer-centric technology companies aren’t the only ones in the midst of...
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 chief executive officer views on competition and innovation. Enova To Buy OnDeck In...
February 14, 2018
After a series of earning performances that left investors disappointed, OnDeck reported a profitable Q4. That performance is largely credited to fewer charge-offs and a reduction in the costs of originating loans. The mood during the earnings call was also somewhat lighter and improved, too. “2017 was a transformative year for OnDeck,” CEO Noah Breslow noted at the beginning of his […]
January 02, 2018
2017 was a tough year for some of the biggest names in alternative financial services in the U.S. – Prosper, OnDeck and LendingClub, in particular. Among investors – both those...
October 24, 2017
Money being waited on is not money being spent. As Ingo Money CEO Drew Edwards noted, a person waiting for money — whether it’s from a paycheck, an insurance disbursement or a loan — probably...
May 15, 2017
Americans were projected to spend a record-setting $23.4 billion yesterday celebrating their moms, buying flowers and cards and taking them out to brunch. Not that love for our mothers can...
July 29, 2020
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 opportunity for customers, employees and shareholders of both companies,” Enova CEO David Fisher said in announcing the deal. “Together, our companies will be stronger because of the complementary strengths and synergies of our businesses.” […]
April 30, 2020
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...
July 29, 2019
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. However, the...
October 16, 2018
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...
