OnDeck Capital (ONDK) to be acquired by Enova International (ENVA) for $90 million

• Enova, the online lender for consumers and small businesses, is paying a 90% premium to OnDeck’s Monday’s closing stock price of $0.73 a share in the stock and cash deal. Combined the two companies had $4.7 billion in originations last year and have served more than 7 million customers.

 

** ONDK charts 2 months earlier 5/21/20 ** 

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OnDeck Capital (ONDK) began trading on the NYSE on 17 December 2014

Description

On Deck Capital Inc is a United States-based financing network that offers financing to small businesses that do not meet the criteria for traditional bank loans. The Company uses data aggregation and electronic payment technology to evaluate the financial health of small and medium sized businesses. The OnDeck system also provides a critically needed mechanism for financial institutions and other business service providers to reach the Main Street small business market. It has offices in Kansas City and McLean Virginia. It's small business loans include dental loans, restaurant loans, medical financing, restaurant financing, fast small business loans, fast small business financing, online small business loans, online applications for small business loans, small business loans online, retail capital, fast small business financing, short-term business loans, business equipment financing, small business equipment financing and merchant cash advance.

Address

1400 Broadway Fl 25
NEW YORK, NY 10018-5225
United States

Website 

https://www.ondeck.com