The outbreak is putting further strain on the sustainability of the fintech's business model. OnDeck focuses on providing loans to SMBs, but many are at of permanent closure as they're forced to remain shut amid lockdown measures. As a result, many SMBs are unable to repay the loans they've taken from OnDeck, leading to its net loss in Q1 2020.
Current economic headwinds will cause many startups across the fintech space to look for M&As, but SMB lending may not be considered an attractive venture. There was a surge in fintech M&As earlier this year as incumbents looked to supplement their services with digitalization and customization features, such as Visa
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cuomo reportedly dismissed copy of San Francisco shelter-in-place order - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. All of the jobs vital to supply chain pay less than $20 hour....that needs to change. Those who handle our food teach our kids police our streets deal with emergencies make the least! People who speculate with our money make billions! Maybe keep shedding Corona patients outta nursing homes and closing the airports as well! and sending covid patients to nursing homes
Source: BusinessInsider - 🏆 729. / 51 Read more »
PRESENTING: Why you should put your Paycheck Protection loan into a separate bank account - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Magic Johnson’s Life Insurance Company Reportedly Funding $100 Million In Small Business LoansFormer NBA all-star Magic Johnson said that his life insurance company will provide $100 million in funding for small women and minority-owned businesses by lisettevoytko lisettevoytko if shes like 5''1? lisettevoytko There was probably a better way to word this? lisettevoytko King
Source: Forbes - 🏆 394. / 53 Read more »
Magic Johnson’s Life Insurance Company Reportedly Funding $100 Million In Small Business Loans“This is, when you think about it, life and death for so many business owners. They have nowhere else to turn.” Huge, positive gesture from Magic. But as a Life insurer, this is playing with fire. Salute Magic sheer genius
Source: Forbes - 🏆 394. / 53 Read more »
Hot dog sales soar as 'best quarantine food' during pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Teeravchris you realize this is our fault.... They increase the chances of the development of colorectal cancer. But only if you eat them. Best or cheapest?
Source: BusinessInsider - 🏆 729. / 51 Read more »
What to look for in a high-yield savings account - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. If you're not beating inflation, then you're losing wealth. Period. Our rate is up to 4.5% APY, or 2.5% more than the Feds target inflation rate. Learn more at
Source: BusinessInsider - 🏆 729. / 51 Read more »