Post Tagged with: "OnDeck"

How Amex Is Going After Banks with Its New SMB Lending

How Amex Is Going After Banks with Its New SMB Lending

by July 5, 2016 at 2:28 pm 2 comments

American Express is taking a page from Square’s book and launching an online platform for small business loans of up to $750,000 — but its main target may be banks. The news came today via Bloomberg, which reported funds could be available as soon as two days after loan approval.Read More

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

Investors on the fintech lending crash diet

Investors on the fintech lending crash diet

by May 18, 2016 at 4:13 am 1 comment

  In the US alone, the unfulfilled small business lending market was estimated to have reached $96.5 billion in Q4 of 2015. That’s a lot of lending mouths going hungry, but also a big pie up for grabs by those smart enough to work out how to actually lend toRead More

Searching for the Priceline of Fintech after Lending Market Meltdown Week

Searching for the Priceline of Fintech after Lending Market Meltdown Week

by May 16, 2016 at 2:00 am 1 comment

You could have bought Priceline stock below $10 in 2001. For many years you had little to show for it. From then until 2008, you had some appreciation, but not much. Then the stock shot up above $1,000 (as of writing it is $1,261). Yes that is 100x return fromRead More

Yet Another Association for Marketplace Lending Launches

Yet Another Association for Marketplace Lending Launches

by May 6, 2016 at 10:50 am 3 comments

That’s what the industry needs: competing marketplace lending associations. Today, the three big names in marketplace lending (for now — more on that below) that were not in the just-launched Marketplace Lending Association have formed the Innovative Lending Platform Association. This is Funding Circle, Lending Club and Prosper Marketplace of the Marketplace LendingRead More