On Deck Capital, Inc. (NYSE:ONDK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On March 3, 2020, On Deck Capital, Inc. (the “Company”), made changes to streamline its finance organization. As part of the changes, Mr. Nicholas Sinigaglia, the Company’s Chief Accounting Officer (and principal accounting officer for federal securities law purposes), will be leaving the Company effective May 1, 2020. Mr. Sinigaglia will assist with the transition of his responsibilities until his departure date.

About On Deck Capital, Inc. (NYSE:ONDK)

On Deck Capital, Inc. offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds. It offers a financing solution for small businesses, including short-term loans of over 10 months and long-term loans of over 40 months, and lines of credit. The Company’s integrated platform includes the Company’s Website, which allows small businesses to apply for a loan, round the clock; data and analytics engine, which analyzes data attributes from disparate sources to assess the real-time creditworthiness of a small business; the technology, which offers funding of loans, and daily and weekly collections, and ongoing servicing system.