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Kayla Ayres: OnDeck is reporting
a fourth quarter net income of

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$9.3 million. During the
earnings call CEO Noah Breslow

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said that on top of their
success in the US, they're also

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now the second largest online
small business lender in Canada,

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and that they're planning to
become number one. Late last

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year OnDeck Canada CEO Neil
Wechsler was actually named

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chairman of the nation's premier
trade group, the Canadian

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Lenders Association. Varo Money
is moving closer to becoming a

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bank. The FDIC has now given the
mobile finance app its approval,

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and it's on the verge of
obtaining an official bank

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charter. This process has taken
Varo nearly three years. Back in

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2017, Varo CEO Colin Walsh told
deBanked that he thought

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consumers are ready to make the
shift to 100% mobile banking,

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adding that he thought the
future of banking is about

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providing an on-demand solution
that gets customers from A to B

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with minimal friction and
maximum delight. Lendit Fintech

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and NYC Fintech women are
teaming up to provide mentorship

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to women in the field. A Lendit
spokesperson told deBanked the

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goal is to support, encourage,
and advance women in the field

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of fintech. For now this
initiative is only launching in

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New York City but Lendit says
there are other cities in the

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works. I'm Kayla Ayres and this
is deBanked News.