From Fringe to Mainstream: The 2019 Fintech Roundtable

As fintech companies start counting their birthdays in the double-digits, both traditional lenders and regulatory bodies have had to accept the world rapid online lending has created. Ken Brause of OnDeck, Eyal Lifshitz of BlueVine and Sebastian Rymarz of Fundbox sat down with ABF Journal to take stock of the past decade or so in the fintech world, discuss some of the changes seen in 2018 and speculate on what the future may hold for the industry.

Credit Suisse, Deutsche Extend Revolvers for OnDeck

OnDeck extended its existing credit facilities with Credit Suisse and Deutsche Bank on improved terms.

OnDeck Receives $85MM Revolver Arranged by SunTrust, SVB

Small business online lender OnDeck closed an $85 million corporate revolving credit facility. SunTrust Bank and Silicon Valley Bank served as arrangers on the facility, while MB Financial Bank and Congressional Bank joined them as lenders.

Crédit Suisse, Crédit Agricole Provide $93MM ABL Facilities to OnDeck

Online lender OnDeck closed an AUD$75 million ($55.179 million) asset-backed revolving credit facility with Crédit Suisse and a C$50 million ($37.753 million) asset-backed revolver with Crédit Agricole.

OnDeck Taps CIT Vet Klimas To Lead Investor Relations

OnDeck appointed Stephen Klimas as the company’s Head of Investor Relations. A 20-year veteran of CIT Group, Klimas will report to OnDeck Chief Financial Officer Ken Brause.