Tag Archives: ondk

OnDeck Inks Deal With Prosper In Online Lending Field

OnDeck Capital (ONDK) on Tuesday announced a strategic partnership with Prosper Marketplace designed to expand its presence in consumer lending. OnDeck provides an online platform for small-business lending. Privately held Prosper operates an online marketplace for consumer credit, connecting people who want to borrow money with people who want to invest money. Under the partnership, Prosper and OnDeck will develop ways to address their customers’

OnDeck Q4 Earnings Cash In With Online Lending

Money lender and recent IPO OnDeck Capital (ONDK) beat on the top and bottom lines with its fourth-quarter earnings posted after the close Monday. OnDeck reported revenue of $50.5 million, up 118% from the year-earlier period and beating Wall Street estimates of $48 million. That is the seventh quarter in a row of triple-digit gains. The company posted a per-share loss minus items of a penny, but analysts polled by Thomson Reuters had expected a

OnDeck, Lending Club Ready First Earnings Since IPOs

The first two companies to have IPOs in the fast-growing field of alternative lending via online platforms are on deck to report fourth-quarter earnings, with OnDeck Capital (ONDK) first to bat. OnDeck is slated to report after the market close Monday. Lending Club (LC) reports after the close Tuesday. OnDeck provides on online platform where businesses can borrow money from OnDeck’s own pool of capital, accessed through a variety of sources.