May 22, 2015 | Crowdfund Insider
Launched in 2007, the marketplace lending platform OnDeck Capital, Inc. (NYSE: ONDK) targets small businesses. OnDeck funds loans from a variety of sources, including debt facilities, the OnDeckMarketplace and the securitization of its loan portfolio, according to the platform’s website. The majority of its loans are funded on OnDeck’s balance sheet; while not a peer-to-peer lender in the true sense of the word, OnDeck Marketplace – its institutional investor loan purchase platform – remains an active part of the company’s loan portfolio. “As of Q1 2015, Marketplace grew to 24% of term loan originations,” according to the platform. “Maintaining a diversified mix of funding sources allows us to reduce our cost of funds and pass savings on to our customers.”
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