Recent events
Recent events tied to this brand in public sources.
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2021
Fractional raises $5.5 million in seed funding
Fractional raised $5.5 million in seed funding as it looked to expand. The funding round was led by CRV alongside other investors.
2021
OnDeck launches the KOALA Score
OnDeck launched the KOALA Score, an in-house-developed credit model intended to support more tailored risk assessment for SME lending.
2020
Enova completes acquisition of OnDeck
Enova International completed its acquisition of On Deck Capital for approximately $122 million. Under the agreement, OnDeck shareholders received Enova shares and cash for each share held.
2020
Harken acquires Dutch distributor On Deck B.V.
Harken acquired its longtime Dutch distributor, On Deck B.V., adding a foreign subsidiary focused on distribution and customer service.
2020
Enova agrees to acquire OnDeck
Enova announced an agreement to acquire all outstanding shares of OnDeck in a cash-and-stock transaction valued at approximately $90 million. The source also describes the acquisition as completed, but gives conflicting wording about whether it had closed.
2019
OnDeck prices $125 million securitization
OnDeck announced that it had priced $125 million of Series 2019-1 fixed-rate asset-backed notes in a private securitization transaction.
2019
OnDeck updates 2019 financial guidance
OnDeck provided updated full-year 2019 guidance for gross revenue of $442 million to $446 million, net income of $21 million to $25 million, and adjusted net income of $28 million to $32 million.
2019
OnDeck reports third-quarter 2019 financial results
OnDeck announced third-quarter 2019 net income of $8.7 million, adjusted net income of $7.8 million and gross revenue of $112.6 million.