OnDeck Loses SVP of Capital Markets to Victory Park Capital

Zhengyuan Lu, OnDeck’s Senior Vice President of Capital Markets, will soon move to investment firm, Victory Park Capital; his last day is Tuesday; Victory Park invests in and provides credit facilities to online lenders, including Avant Inc. and Square Inc.; the last year has been a challenge for OnDeck as investors have not been buying loans at the same pace and this has forced the lender to hold more loans on its balance sheet.  Source

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments