OnDeck Capital in New York reported a $5.1 million loss in the fourth quarter as revenue failed to keep pace with rising expenses.

The online small-business lender recorded operating expenses of $47.4 million, up 73% from the same period a year earlier. OnDeck, which went public 14 months ago, attributed the increase to its continued investments in growth.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.