When banks pulled back from lending to any small business perceived as risky in the wake of the financial crisis...
JPMorgan Chase finds itself overhauling their digital strategy team as they leaders in the unit have moved on to other...
This morning OnDeck announced their second quarter 2017 earnings. In addition to the earnings release and webcast, we were able...
OnDeck, the small business lender has extended existing credit facilities with Credit Suisse and Deutsche Bank; the amended facilities provide...
GreenSky’s IPO could price as soon as Wednesday and may pave the way for other fintech IPOs going forward; the...
OnDeck has obtained a $200 million revolving credit facility from Credit Suisse; $125 million of the funding will be available while the remaining $75 million will be provided at the lender's discretion; loans will be made to Prime OnDeck Receivable Trust II, LLC (Port II), financing Port II's purchase of OnDeck loans for collateral; firm says it will use a portion of the funds to prepay its $100 million Prime OnDeck Receivable Trust, LLC facility. Source
Small business lender Kabbage is planning for a new equity fundraising, targeting a few hundred million dollars; sources say the lender is considering potential acquisitions including a buyout of OnDeck; Kabbage has reported a number of recent successes including a partnership with Banco Santander, expansion to Ireland and the industry's largest asset-backed securitization of small business loans. Source
Today a new report was released on how online lenders are helping small businesses which in turn is creating economic...
OnDeck is combining their Canadian business with Evolocity Financial Group which is a Montreal-based online small business lender; the combined...
This morning OnDeck released their Q1 2018 earnings. Last quarter we highlighted that the company had reached GAAP profitability which...