OnDeck Australia secures $75m Credit Suisse loan
Small business lender OnDeck Australia has secured a $75 million funding line from Credit Suisse, the latest partnership between fintech players and established institutions. The subsidiary of the New York-listed OnDeck Capital said the asset-backed revolving credit facility would be used to refinance OnDeck Australia’s loan book and to fund new loans. The facility is due to mature in June 2020. On Deck Australia managing director Cameron Poolman said the lender was striving to lower its cost of funding, origination and to build a “leading credit model”. He said the online small business lending market is growing at a faster pace than it did in the US at a similar stage in […]
OnDeck launches ‘Turn That No Around’ campaign
Small business loan specialist OnDeck Australia has kicked off a campaign, #turnthatNOaround, targeted at small business owners who are looking to seize growth opportunities, but are unable to do so due to lack of funding from traditional sources. The campaign, which is already running on radio, is scheduled to run across outdoor, social (LinkedIn and Facebook) and digital media to encapsulate an integrated multi-channel outreach. With the #turnthatNOaround campaign, OnDeck aims to reach small business owners who have experienced a “no” from their banks, giving them an opportunity to secure a loan that is much faster than the banks – it takes just one business day. “Small business owners, which […]
Fintechs again feature in the 2023 Australian Mortgage Awards
The 2023 Australian Mortgage Awards are back again for another year and once again Australian fintech companies are featured amongst the finalists.
Fintech lender records 175% jump in broker-originated SME finance in first half of 2021
OnDeck Australia has notched up an important milestone, writing 175% more broker-originated SME finance loans in the first half of 2021 compared to 2020.
Here are the finalists for the 2021 Finnies
The Finnies are on again, representing many of the best fintech companies in Australia. Here is a list of the 2021 Finnies finalists.
SMEs keen to explore financing options
Small and medium sized enterprises (SMEs) are increasingly considering alternatives to the banks for their financing options.
The Australian Mortgage Awards 2020 ‘Fintech Lender of the Year’ finalists have been announced
Congratulations to the Australian Mortgage Awards 2020 ‘Fintech Lender of the Year’ finalists.
