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.