Former Morgan Stanley COO Rosenthal Joins OnDeck Board
Jim Rosenthal, the former chief operating officer of Morgan Stanley, is joining the OnDeck board of directors, effective April 3, 2017.
March 21, 2017
Jim Rosenthal | OnDeck
ABF Journal
Fintech Lender Trade Associations Merge to Form ILPA
The Innovative Lending Platform Association (ILPA) and the Coalition for Responsible Business Finance (CRBF) are merging and will operate as the ILPA – the trade organization representing online lending and service companies serving small businesses.
March 7, 2017
OnDeck Reports Higher FY Loss as Provision Charges Double
OnDeck reported a net loss of $83.0 million for full-year 2016, up from a net loss of $1.3 million a year earlier. The company noted its provision for loan loss charges doubled from $74.9 million 2015 to $150 million in 2016.
February 17, 2017
OnDeck, Wave Partner to Launch Small Business Financing
Under a new partnership with online small business lender OnDeck, Wave, a provider of financial services and software for small businesses, will offer OnDeck business loans and lines of credit to its customer base.
February 13, 2017
Wex, OnDeck Launch Financing Partnership
WEX, a provider of corporate and small business payment solutions, launched a partnership with OnDeck. WEX will offer business financing from OnDeck to its small business customers.
January 17, 2017
Credit Suisse Provides $200MM Revolver for OnDeck
OnDeck closed a $200 million asset-backed revolving debt facility with Credit Suisse.
December 12, 2016
OnDeck Names Brown Chief Risk Officer
Online lender OnDeck appointed Nick Brown as chief risk officer. Brown was previously with Commonwealth Bank of Australia where he most recently served as GM of the Group Decision Sciences team.
December 1, 2016
Former OnDeck VP Lu Joins Victory Park Capital
The Wall Street Journal reported that Zhengyuan Lu, fintech lender OnDeck’s vice president of capital markets, joined Victory Park Capital.
November 2, 2016
Fintech Lender OnDeck Establishes New ABL Division
Fintech lender OnDeck created a new ABL division with a $100 million facility agented by Ares Agent Services.
September 26, 2016
OnDeck Hires Former Capital One Exec to Lead Product Group
Online small business lender OnDeck appointed Gagan Kanjlia as senior vice president of Product. Kanjlia joins from Capital One, where he co-founded the Capital One Garage.
August 12, 2016