Search Results for "ODX"
4 results for "ODX"
Deals 4
Enova International Acquires OnDeck in $90M Fintech Lending Deal
Enova International announced the acquisition of OnDeck, a fintech small business lender, in a $90 million cash-and-stock deal. The acquisition includes OnDeck's ODX bank platform, which enables banks to offer digital small business lending. This combination creates a leading fintech company serving both consumers and small businesses in markets underserved by traditional banks.
OnDeck's ODX Partners with Investors Bank for Digital Small Business Lending
OnDeck's white-label digital lending platform ODX partnered with Investors Bank to power digital small business loan origination. The partnership enabled the bank to offer a streamlined digital lending experience to SME customers. This is an early example of BaaS-style lending infrastructure powering a traditional bank.
OnDeck Taps Bank Veteran to Lead ODX Sales and Strategy
OnDeck hired a bank veteran to lead sales and strategy for ODX, its bank-facing lending-as-a-service platform. ODX enables banks to offer small business lending powered by OnDeck's technology and underwriting. This move signaled OnDeck's deepening commitment to embedded lending through bank partnerships.
OnDeck Launches ODX Platform-as-a-Service for Bank SME Lending
OnDeck launched ODX, a Platform-as-a-Service subsidiary enabling banks to digitize SME lending with embedded software, analytics, and services. The platform allows banks to offer fully digital loan applications and underwriting, funding small businesses in as little as 24 hours. ODX leverages OnDeck's proprietary OnDeck Score for real-time lending decisions, targeting bank-fintech collaboration.