OnDeck Capital IPO: A Treadmill Lender

[easy_sign_up title=”Sign Up for Free Monthly Newsletter on the hottest FinTech Companies”] Summary: OnDeck Capital (ONDK) has engineered a treadmill lending platform for small businesses resulting in 49.2% of 2014 originations from repeat customers. This is a risky way to grow the business as ending the refinance of any repeat customer risks default. OnDeck is […]