Shares of On Deck Capital, Inc. (ONDK) soared more than 15% in the extended session Tuesday after the company disclosed in a regulatory filing with the SEC ( FORM 8-K ) that it is working with JP Morgan Chase Bank in connection with a strategic partnership whereby the biggest bank in the country will use the Company’s small business lending platform and the OnDeck Score(R) to serve its small business customers
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (JPM),a leading global financial services firm with assets of $2.6 trillion and operations worldwide.
According to On Deck Capital, JP Morgan Chase Bank will use the Company’s small business lending platform and the OnDeck Score(R) to serve its small business customers
On Deck expects the strategic partnership between the companies to commence operations in 2016.
On Deck, the leader in online lending for small business, is committed to powering Main Street's growth through lending and technology innovation
After the closing bell on Tuesday, Apigee Corp. (APIC) delivered stronger-than-expected quarterly financial results.
For its first quarter fiscal 2016, Apigee posted revenue of $20.5 million and non-GAAP net loss of ($0.38) per share, better than the Capital IQ Consensus Estimate of ($0.41) loss per share on revenues of $19.76 million for the period
According to its business outlook for the second quarter fiscal 2016, the company expects total revenue to be in the range of $87.0 million to $92.0 million
Apigee provides an intelligent API platform for digital business.
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