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OnDeck Capital issues $500.02M in asset-backed securitization notes for small business lending platform.
PRIVATESep 11, 2026•about 4 hours ago
Amount Raised
$500 Million
Round Type
Debt Financing
New YorkFinancial ServicesFintechLending
Description
OnDeck Capital Inc., a subsidiary of publicly traded Enova International, has issued $500.02 million in Series 2026-1 notes through OnDeck Asset Securitization IV, LLC. The securitization is backed by a revolving pool of small business loans originated through OnDeck's platform. KBRA has assigned preliminary ratings to the four classes of notes issued. This marks OnDeck's eleventh small business asset-backed securitization.
Company Information
Company
OnDeck Capital
Location
New York, New York, United States
About
OnDeck is an online lending platform that originates small business loans in the U.S. through its subsidiaries. Founded in 2006, the company has originated over $29 billion to over 206,000 small businesses. OnDeck is a wholly owned subsidiary of Enova International, Inc., a publicly traded fintech company. The company operates through an efficient platform with 388 dedicated personnel as of July 2026.
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New YorkFinancial ServicesFintechLending