Kayla Ayres: OnDeck is reporting a fourth quarter net income of
$9.3 million. During the earnings call CEO Noah Breslow
said that on top of their success in the US, they're also
now the second largest online small business lender in Canada,
and that they're planning to become number one. Late last
year OnDeck Canada CEO Neil Wechsler was actually named
chairman of the nation's premier trade group, the Canadian
Lenders Association. Varo Money is moving closer to becoming a
bank. The FDIC has now given the mobile finance app its approval,
and it's on the verge of obtaining an official bank
charter. This process has taken Varo nearly three years. Back in
2017, Varo CEO Colin Walsh told deBanked that he thought
consumers are ready to make the shift to 100% mobile banking,
adding that he thought the future of banking is about
providing an on-demand solution that gets customers from A to B
with minimal friction and maximum delight. Lendit Fintech
and NYC Fintech women are teaming up to provide mentorship
to women in the field. A Lendit spokesperson told deBanked the
goal is to support, encourage, and advance women in the field
of fintech. For now this initiative is only launching in
New York City but Lendit says there are other cities in the
works. I'm Kayla Ayres and this is deBanked News.