"We are very pleased to be partnering with Lightspeed, an innovative technology company that is enabling businesses to improve their customer experience on all channels," says Gary Fearnall, Country Manager, OnDeck Canada. "Since 2014, OnDeck Canada has been focused on providing the right operating capital solutions to allow for investments in critical initiatives such as technology and hiring, and this partnership will continue to strengthen our connection to the retail and hospitality industries." OnDeck loans will also enable Lightspeed clients to take advantage of growth opportunities such as buying inventory, purchasing equipment, and boosting their customer experience. "Lightspeed is laser focused on improving Gym Chalk|Canada the competitiveness of independent businesses across North America, and for us this partnership makes perfect sense," says JP Chauvet, President of Lightspeed. "In part, it gives us the opportunity to help our clients access our Omnichannel solution which can help improve their customer experience exponentially." Hospitality is an important sector for OnDeck Canada. In 2016 alone OnDeck Capital, Inc., the parent company of OnDeck Canada, saw an increase in loans within the Accommodation and Food Services industry. "Among other strategic partnerships set to take shape in 2017, our work with Lightspeed and recent partnership with financial services company Wave, demonstrate our on-going commitment to the small business owners across North America and our genuine desire to see them succeed," said Gary Fearnall. OnDeck's advanced lending technology and staunch dedication to customer service has enabled it to deliver more than $6 billion dollars in capital to over 60,000 businesses across the United States, Canada, and Australia. Launched in 2005, Lightspeed is a cloud-based commerce solution for independent businesses, in-store and online. More than 45,000 retailers and restaurateurs processing over $15 billion in transactions annually use Lightspeed to manage their entire business. About OnDeck Canada OnDeck Canada is a wholly-owned subsidiary of On Deck Capital, Inc. ONDK, -0.21% or OnDeck, the leader in US online small business lending. Since 2007, OnDeck has powered Main Street's growth through advanced lending technology and a constant dedication to customer service. OnDeck's proprietary credit scoring system - the OnDeck Score - leverages advanced analytics, enabling OnDeck to make real-time lending decisions and deliver capital to small businesses in as little as 24 hours.
For the original version including any supplementary images or video, visit http://www.marketwatch.com/story/ondeck-canada-partners-with-lightspeed-granting-retail-and-hospitality-businesses-access-to-working-capital-2017-04-27
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