November 6, 2017 / 12:12 PM / a month ago

Online lender OnDeck reports smaller qtrly loss

Nov 6 (Reuters) - Online lender OnDeck Capital Inc on Monday posted a smaller quarterly loss, helped by an uptick in interest income and lower expenses.

The company’s net loss attributable to shareholders narrowed to $4.07 million, or 6 cents per share, in the third quarter ended Sept. 30, from $16.63 million, or 23 cents per share, a year earlier.

Net revenue rose 1.3 percent to $32.75 million. (Reporting by Diptendu Lahiri in Bengaluru; Editing by Maju Samuel)

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