Online Lender OnDeck Announces $130 Million in New Funding
Need a Funder or Vendor? START HERE

Results 1 to 11 of 11

Hybrid View

  1. #1
    Banned Reputation points: 306
    Join Date
    Jan 2013
    Location
    New York City
    Posts
    409

    Quote Originally Posted by funding pro View Post
    This particular article mentions the $130MM as debt, which from my recollection would be a first for ODC as most of their financing has historically been VC capital. Interesting...
    You might enjoy this link to: http://www.crunchbase.com/company/on-deck

  2. #2
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
    Join Date
    Aug 2012
    Location
    New York City
    Posts
    1,882

    Quote Originally Posted by JayBallentine View Post
    You might enjoy this link to: http://www.crunchbase.com/company/on-deck
    Looks as though debt has been a substantial part of their capital raising. I can't remember but I feel like I recall that On Deck is funding $40 million a month. They will blow through this $130 mil pretty fast just like they have with all previous lines.

Similar Threads

  1. Replies: 39
    Last Post: 02-26-2015, 02:00 PM
  2. ondeck
    By CO1 in forum Merchant Cash Advance
    Replies: 2
    Last Post: 05-20-2013, 11:36 AM
  3. Can't Find A Lender
    By Fetachini in forum Merchant Cash Advance
    Replies: 18
    Last Post: 05-16-2013, 12:55 PM
  4. Is OnDeck making a move to compete with Kabbage?
    By isaacdstern in forum Merchant Cash Advance
    Replies: 4
    Last Post: 05-07-2013, 07:21 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY