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Digital non-bank sees originations spike

by OnDeck Australia,   Sep 15, 2022

MPA Magazine

15 September 2022


Lender provides a streamlined application process and rapid delivery of funds for SME customers


OnDeck, a digital non-bank lender that specialises in providing financing to small businesses, has thrived since being bought out by members of its C-suite last year.


CEO Cameron Poolman, CFO Jerry Yohananov and COO Charlene Batson now own 58% of the company after buying shares from US-based Enova International.


Since then, the company has seen significant growth – loan originations were up 43% in the first six months since the buyout compared to the previous half-year.


Read the full article here.

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