May 8, 2018 / 11:08 AM / 4 months ago

Online lender On Deck's quarterly loss narrows

May 8 (Reuters) - Online lender On Deck Capital Inc on Tuesday reported a smaller first-quarter loss, as it set aside less money for bad loans and lending rose.

Net loss attributable to common shareholders narrowed to $1.9 million, or 3 cents per share, in the quarter ended March 31, compared with a loss of $11.1 million, or 15 cents per share, a year earlier.

Net revenue rose to $42.2 million from $35.4 million. (Reporting by Nikhil Subba in Bengaluru; Editing by Shailesh Kuber)

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