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OnDeck Capital CEO says online lending is the future for small businesses, talks strong earnings

Thursday, August 9, 2018 11:25

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OnDeck Capital Inc (NYSE:ONDK) CEO Noah Breslow tells Proactive Investors the small business lending company has provided over US$9bln to small businesses, crossing the US$10bln mark this fall, saying online lending is the future for small businesses and consumers.

The company’s shares soared after it announced its earnings this week, whizzing past Wall Street’s second-quarter estimates and raised its full-year profit outlook for 2018.

Breslow says investors were happy with OnDeck’s ability to increase profitability, ramp up with a nice growth ramp and implement new products and partnerships.

Story by ProactiveInvestors

Source: http://www.proactiveinvestors.com/companies/stocktube/10082/ondeck-capital-ceo-says-online-lending-is-the-future-for-small-businesses-talks-strong-earnings-10082.html

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