Christmas not always merry for Australia’s small businesses: OnDeck Australia
Leading online SME lender OnDeck Australia confirms that the festive season is not always a lucrative time for small businesses.
Know your score: OnDeck has hit 10,000 scores
SME lender OnDeck launched its ‘Know Your Score’ online scoring calculator in 2016 and since then has delivered over 10,000 scores to Australian businesses.
OnDeck records 70% growth in broker-generated loans
OnDeck expect their broker-generated lending to continue to outpace our other channels well into the future
OnDeck ranks among Australia’s best companies to work for
OnDeck, a leading lender to Australia’s small and medium enterprise (SME) sector, has been certified as a ‘Great Workplace’.
OnDeck Australia joins FAST panel, boosts opportunities for brokers and SMEs
Online SME lender OnDeck Australia has announced it is joining the lending panel of leading aggregator Finance & Systems Technology (FAST).
SME lending is a valuable source of diversification for brokers says fintech lender OnDeck Australia
The Banking Royal Commission has highlighted the perils of relying on a single revenue stream, and SME lender OnDeck Australia is urging mortgage brokers to think beyond home loans and diversify into SME lending. Research by commercial lending fintech OnDeck Australia[1] confirms that 25 percent of Australia’s small to medium enterprises plan to seek additional business finance. Michael Burke, Head of Sales at OnDeck Australia, says, “There is clearly strong demand for SME finance, making this a revenue channel that brokers cannot afford to overlook. Moreover, our discussions with brokers indicate that, on average, one in four of a broker’s existing home loan clients are SME owners, providing a ready […]
OnDeck small business online lending tops US$10 Billion
OnDeck (NYSE: ONDK), has announced it has achieved a milestone in the Financial Technology (FinTech) industry, becoming the first non-bank online lender to surpass US$10 billion in total loans originated to small businesses. OnDeck, with operations in the United States, Canada and Australia, is the world’s largest non-bank online lender to small business by total loan volume. Founded in 2015, OnDeck Australia is a subsidiary of OnDeck (ONDK). The achievement by OnDeck, a pioneer of the FinTech lending industry, is the latest indication that small businesses increasingly prefer to seek financing online. According to the Small Business Credit Survey from the Federal Reserve, small business owners are turning to online […]
OnDeck passes US$9 billion benchmark globally in online lending
Australian FinTech adoption outpacing most global markets; sector reaching maturity faster than US experience Development of quality online lending industry key to growing Australia’s small business sector; closing credit gap The OnDeck Group, representing the subsidiaries of the US-listed OnDeck Capital Inc., has announced that it has lent more than US$9 billion to more than 80,000 small business customers in just over ten years of lending. This figure includes the Group’s businesses in the US, Canada and Australia. Comparatively, the Australian market is estimated to reach over A$2 billion in annual originations by 2020. According to Mr Cameron Poolman, Chief Executive Officer OnDeck Australia, while Australia has been a relatively […]