Fintech OnDeck Canada lines up $50-million credit facility from Crédit Agricole

It may not be a first for the domestic fintech industry, but it is a first for a U.S. fintech company that’s been operating in Canada for the past four years.

OnDeck Canada, the local online arm of the U.S. headquartered OnDeck now has a $50-million asset-backed credit facility, provided by Crédit Agricole, to fund its loans. According to a recent ranking of assets, the French bank is the world’s ninth largest. Its Montreal office offers commercial and investment banking services.

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