NewtekOne, Inc. - Common Stock (NEWT)

Competitors to NewtekOne, Inc. - Common Stock (NEWT)

Kabbage, Inc.

Kabbage, Inc. and NewtekOne, Inc. both serve small businesses with financial services, particularly in the area of lending. Kabbage specializes in providing online lines of credit and financial tools for SMBs, utilizing real-time data to assess creditworthiness, enabling faster funding for customers. NewtekOne, on the other hand, leverages its broad range of financial services, which includes business consulting and payment processing. While both companies aim to support the same customer base, Kabbage's focus on simplicity and speed of accessing funds gives it a competitive advantage in the on-demand lending market.

LendingClub Corporation 

LendingClub Corporation and NewtekOne, Inc. are both involved in providing financial services to small and medium-sized enterprises (SMEs). They compete mainly in the realm of lending solutions, with LendingClub focusing on peer-to-peer lending and a digital platform for personal and business loans, while NewtekOne offers a range of services including lending, payment processing, and technology solutions. As a fintech company, LendingClub has an extensive online presence and a significant customer base, which provides it with a competitive edge in terms of accessibility and customer data analytics.

OnDeck Capital, Inc.

OnDeck Capital, Inc. and NewtekOne, Inc. compete directly in the business lending space, focusing on providing loans to small and medium-sized enterprises. OnDeck is known for its fast and streamlined process for obtaining loans and for its flexible repayment options. NewtekOne, in contrast, diversifies its offerings by not only providing loans but also integrated business solutions and a focus on customer service. While OnDeck has built a strong reputation for quick funding, NewtekOne’s wider range of services allows it to maintain a competitive edge by addressing various business needs beyond just loans.

PayPal Holdings, Inc. 

PayPal Holdings, Inc. and NewtekOne, Inc. have overlapping interests in the financial technology landscape, especially concerning small business payment solutions. PayPal is a leading player in the online payment processing market with a vast suite of services, including business loans via PayPal Working Capital. NewtekOne, however, offers more comprehensive financial solutions beyond payments, including tax consultation and the offering of business credit. While PayPal's strong brand recognition and extensive user base provide it with a significant competitive advantage, NewtekOne's holistic approach can attract businesses looking for more than just payment processing.

Square, Inc. 

Square, Inc. and NewtekOne, Inc. compete in the fintech space, but while Square is primarily known for its payment processing services and point-of-sale systems, NewtekOne offers a broader suite of services that includes lending, processing, and technology solutions for businesses. Square's user-friendly interface and its dominance in mobile payment solutions make it a strong competitor in the market, particularly among small retailers and service providers aiming for seamless financial transactions. However, NewtekOne's diversified offerings position it to cater to a wider range of business needs, potentially offsetting some of the competitive edge held by Square in the payment processing realm.