Burford Capital announced the appointment of Kenneth A. Brause as Chief Financial Officer, effective May 3, 2021. Brause will be based in Burford's New York office.Jim Kilman, Burford's current CFO, was appointed in August 2019 to serve for up to two...
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May 03, 2021, 08:00 AM
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Enova International and OnDeck®, announced that they have entered into a definitive agreement under which Enova will acquire all outstanding shares of OnDeck in a cash and stock transaction valued at approximately $90 million. The implied price of $1...
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July 29, 2020, 08:30 AM
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OnDeck, leader in online lending to small business, announced the appointment of Mark Torossian as Senior Vice President, Finance, a newly created role that will oversee the organization’s Accounting and Financial Planning & Analysis (FP&A) functions...
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March 10, 2020, 08:49 AM
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Investors Bancorp, Inc. announced that its banking subsidiary Investors Bank formed an alliance with ODX, a leading digital small business originations platform and a subsidiary of On Deck Capital, Inc. Investors Bank will deploy ODX's digital loan...
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October 21, 2019, 08:22 AM
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OnDeck announced the appointment of Lonnie Hayes as the Head of Sales and Strategy for ODX, a wholly owned subsidiary of OnDeck that assists banks with streamlining and digitizing small business credit origination.Hayes brings more than thirty years...
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July 24, 2019, 08:45 AM
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OnDeck announced the appointment of Deb Stroff as the company's Chief People Officer. will be responsible for leading all aspects of people strategy, including overseeing organizational design, total rewards, talent management, recruiting, leadership...
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May 13, 2019, 09:10 AM
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A new survey of more than 1,200 small business owners by OnDeck finds 37 percent of those surveyed expect the tax changes in the Federal Tax Cuts and Job Act to have a positive impact on their businesses. Forty-one percent of small businesses expect...
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April 08, 2019, 09:00 AM
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OnDeck , an online lending service for small business, announced extensions to its existing credit facilities with Credit Suisse and Deutsche Bank on improved terms. The amended facilities provide an aggregate of $360 million of committed funding...
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March 13, 2019, 07:26 AM
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OnDeck announced the closing of an $85 million corporate revolving credit facility with a lender group consisting of four banks. The new committed facility can be used for general corporate purposes and replaces OnDeck's prior $30 million corporate...
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February 07, 2019, 07:20 AM
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OnDeck announced it will begin offering equipment finance loans to select U.S. small businesses next year, bringing its technology and digital lending expertise to what has traditionally been a slow-moving, opaque and complicated process."With more...
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December 19, 2018, 07:06 AM
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PNC Bank, National Association, today announced that in 2019 it plans to begin offering fully digital business lines of credit, up to $100,000, in an expansion of its online lending to customers and prospects in the United States.
PNC's new digital...
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October 23, 2018, 07:09 AM
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OnDeck®, a provider of online lending for small business, announced the closing of a $175 million asset-backed revolving credit facility consisting of funds provided by Liberty Mutual Insurance Company and certain of its affiliates, as well as funds...
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August 09, 2018, 07:15 AM
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Loan Assets of OnDeck, LLC (LAOD), a wholly-owned subsidiary of On Deck Capital, Inc., established a new $100 million asset-backed revolving debt facility with Pioneers Gate LLC, as a Lender, the other Lenders party thereto from time to time, 20...
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April 20, 2018, 07:20 AM
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OnDeck announced the company will appoint Kenneth A. Brause as its Chief Financial Officer effective March 26, as part of a mutually agreed upon transition process between the company and current Chief Financial Officer, Howard Katzenberg. Katzenberg...
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March 13, 2018, 08:00 AM
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OnDeck announced the hiring of two senior financial services executives to join its management team. Kelly Merrill and Erich Wust will assume new leadership roles that directly support OnDeck's mission of empowering small business owners with the...
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December 12, 2017, 08:00 AM
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OnDeck, a provider of online lending for small business, announced that it had extended its current asset-backed revolving credit facility with SunTrust Bank.
As a result of the transaction, OnDeck extended the maturity date of its $100 million...
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May 26, 2017, 07:21 AM
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OnDeck announced that it had amended its asset-backed revolving credit facility with Deutsche Bank to extend the facility's maturity date to March 2019 and to increase the facility's borrowing capacity by approximately $52 million to a total of up to...
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March 23, 2017, 07:20 AM
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OnDeck announced that it will be adding Jim Rosenthal, the former chief operating officer of Morgan Stanley, to its board of directors, effective April 3, 2017.During his tenure at Morgan Stanley, Rosenthal served in a variety of roles, including as...
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March 23, 2017, 07:10 AM
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OnDeck, a leader in online lending for small business, announced today the closing of a $200 million asset-backed revolving debt facility with Credit Suisse.In addition to its other funding sources, OnDeck may now obtain funding under the new credit...
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December 09, 2016, 08:11 AM
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Victory Park Capital (VPC), an investment firm focused on middle-market debt and equity investments, announced today that it has added Zhengyuan Lu to its investment team. Lu will be based in VPC’s New York City office. As a principal, Lu will be...
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November 08, 2016, 07:01 AM
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Metropolitan Equity Partners (“Metropolitan”) announced it has invested $20 million in Bizfi, a premier fintech company that combines aggregation, funding and a marketplace for small businesses. This investment represents an increase from the $65...
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June 29, 2016, 07:21 AM
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OnDeck announced that Daniel S. Henson was elected to its Board of Directors effective June 2, 2016. Henson brings nearly 30 years of experience from General Electric Company (GE), where he held a variety of senior positions at GE and General...
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June 07, 2016, 07:37 AM
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Opus Bank announced it has entered into a marketing and referral agreement with OnDeck, the leader in online lending for small business, that will leverage Opus’ 58 retail banking office distribution located in major metro markets up and down the...
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January 22, 2016, 08:02 AM
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Bizfi, a leading FinTech company with a platform that combines aggregation, funding and a participation marketplace for small businesses announced that it originated more than $127 million in business financing in the third quarter of 2015. This...
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October 27, 2015, 07:29 AM
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OnDeck announced a major expansion of its product suite. The company now offers the online lending industry's widest range of term loans and lines of credit, designed to meet the vast and varied financing needs of small businesses.Small business...
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October 21, 2015, 07:54 AM
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