Post Tagged with: "OnDeck Capital"

OnDeck Maintains ‘Hybrid’ Funding Approach

OnDeck Maintains ‘Hybrid’ Funding Approach

by June 10, 2016 at 12:48 pm 0 comments

OnDeck Capital Inc. is keeping up with its “hybrid” funding model to withstand the rockiness of marketplace lending, COO James Hobson said. In its latest earnings report, the lender said that only 15% of its originations were funded through marketplace lending, compared with 35% to 45% in the fourth quarter ofRead More

OnDeck Is Largely Ditching Marketplace Lending

OnDeck Is Largely Ditching Marketplace Lending

by May 4, 2016 at 12:19 pm 5 comments

A deep read of OnDeck Capital‘s earnings report yesterday reveals this truth: the company is moving away from marketplace lending. OnDeck is largely ditching funding through marketplace in favor of more traditional sources of capital, such as securitization — no small development considering that OnDeck is a standard bearer of the marketplaceRead More

Striking Fintech Gold

Striking Fintech Gold

by December 2, 2015 at 10:29 pm 1 comment

If you invested in the S&P 500 at the start of 2015, by the end of trading today, you would have enjoyed a return of … 1.04%. Yeah, not impressive. But had you invested in the portfolio of fintech stocks Bank Innovation tracks, you would have scored a return of 39%. Yeah,Read More

OnDeck Reports Little Value from Online Aggregators

OnDeck Reports Little Value from Online Aggregators

by November 4, 2015 at 11:09 am 0 comments

Historically — and by “historically” I mean since the early 2000s — aggregators have largely fueled online lending. But something seems to be happening in the online lending aggregation space, or at least aggregation of small business lending. Yesterday, OnDeck Capital reported its third quarter earnings (+67% YOY originations growth), andRead More

Amid Wild Wall Street, Fintech Outperforms Market

Amid Wild Wall Street, Fintech Outperforms Market

by August 27, 2015 at 11:08 am 0 comments

Wall Street has given investors a wild ride in recent days. That is, with the exception of fintech investors. The Bank Innovation portfolio of stocks, which includes 25 fintech companies, has dropped in value 2.24% since July 20. That compares to a loss of 9.83% for the Nasdaq since that date.Read More

OnDeck Adds Credit Facilities from SunTrust and Bank of America

OnDeck Adds Credit Facilities from SunTrust and Bank of America

by August 4, 2015 at 11:52 am 0 comments

Banks and marketplace lenders once watched each other with suspicion, but increasingly the two seem to be getting downright cozy. OnDeck CEO Noah Breslow announced on yesterday’s earnings call that SunTrust Banks, Inc. and Bank of America had issued fresh credit facilities to the lender, which specializes in small business loans.Read More

Mega Social Media Data for Financial Services Has Arrived

Mega Social Media Data for Financial Services Has Arrived

by May 7, 2015 at 11:24 am 2 comments

It wasn’t too long ago that the suggestion that social media data could feed financial services underwriting and products was, well, dubious. Yes, we paid it lip service — isn’t it cool that OnDeck and Lenddo are using social media to make loans? The lip service ends today. Like a slow-moving glacier thatRead More

Affirm’s $275M Round Coincides with Climbing Traffic

Affirm’s $275M Round Coincides with Climbing Traffic

by May 6, 2015 at 9:53 am 3 comments

Affirm Inc., the POS lender, closed a $275 million round today, which coincides with climbing traffic. The site is now hosting around 80,000 unique visitors a month. SimilarWeb.com estimates that Affirm.com is getting around 250,000 visitors per month now. By comparison, PayPal.com, the site Affirm’s founder, Max Levchin, helped launch,Read More

Average Pay for Fintech Software Engineers Tops $100k

Average Pay for Fintech Software Engineers Tops $100k

by April 9, 2015 at 9:56 am 1 comment

The average salary for a fintech software engineer is now more than $100,000, according to a Bank Innovation analysis. The exact average salary for a software engineer — a bread-and-butter position for a technology startup — is $100,188. With all the talk of an “overheating” fintech venture capital market, keeping an eyeRead More

OnDeck Launches Marketplace for Institutional Investors

OnDeck Launches Marketplace for Institutional Investors

by January 21, 2015 at 9:30 am 1 comment

Small business lender OnDeck (NYSE: ONDK) announced the launch of a platform for institutional investors today. Properly speaking, the platform soft-launched a year ago, CFO Howard Katzenberg told Bank Innovation Tuesday, and a number of institutional investors — banks, insurance companies, hedge fund, mutual funds — have been piloting it. ButRead More