OnDeck Q4 2018 Earnings Review

Today OnDeck hosted their Q4 2018 earnings call and provided an update across all aspects of their business; the company reported net income of $14 million on gross revenues of $109.5 million and originated $658 million of loans; over the course of 2018, the company has decreased their funding costs even as interests rates have increased; OnDeck also shared an update on ODX, their lending as a service platform which will be fully rolled out this year; CEO Noah Breslow noted a strong pipeline of banks looking to leverage their technology. Source

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