OnDeck

Use Case n. 394Use Case n. 694Use Case n. 704Use Case n. 780Use Case n. 1027OnDeck is a technology-powered Main Street lender that uses big data to deliver financing to small businesses.http://www.ondeck.comNew YorkNew YorkNew York, New York, United States10018Noah Breslow2007240PrivateFinance & InvestmentGrowing Number Of Small Businesses We Are Able To ServeLaunched in 2007, OnDeck uses data aggregation and electronic payment technology to evaluate the financial health of small and medium sized businesses and efficiently deliver capital to a market under-served by banks. Through the OnDeck platform, millions of small businesses can obtain affordable loans with a fraction of the time and effort that it takes through traditional channels. The company's proprietary credit models look deeper into the health of businesses, focusing on overall business performance, rather than the owner's personal credit history. The OnDeck system also provides a critically needed mechanism for financial institutions and other business service providers to efficiently reach the Main Street small business market. OnDeck has deployed over $1 billion in capital to tens of thousands of businesses across 725 different industries. It was recently named to Forbes' 100 Most Promising Companies in America list and Inc. 500/5000 for a second year in a row. The company has earned A+ rating with the BBB.• Revenues: o 2011 – $12Mo 2012 – $26Mo 2013 – $65Mo 77M from Tiger Global (March)- OnDeck has raised $332M for both debt & equity from Institutional Venture Partners, RRE Ventures, SAP Ventures, First Round Capital, Google Ventures, Peter Theil, Industry Ventures, Contour Venture Partners, Khosla Ventures and Village Ventures. We have raised $230M+ in credit facilities to fund the loans from GS, Fortress Investment Group, DB, Key Bank & Square1 Bank.• Key partners: Intuit, CardConnect & BMO Harris Bank ***Intuit & BMO Harris Bank partnerships have not been publicized & should be considered privileged information.
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TaglineOnDeck is a technology-powered Main Street lender that uses big data to deliver financing to small businesses.
Homepagehttp://www.ondeck.com
CityNew York
StateNew York
Mapping LocationNew York, New York, United States
Zip Code10018
CEONoah Breslow
Year Founded2007
Full Time Employees240
Comapny TypePrivate
Market CategoriesFinance & Investment
Revenue SourceGrowing Number Of Small Businesses We Are Able To Serve
DescriptionLaunched in 2007, OnDeck uses data aggregation and electronic payment technology to evaluate the financial health of small and medium sized businesses and efficiently deliver capital to a market under-served by banks. Through the OnDeck platform, millions of small businesses can obtain affordable loans with a fraction of the time and effort that it takes through traditional channels. The company's proprietary credit models look deeper into the health of businesses, focusing on overall business performance, rather than the owner's personal credit history. The OnDeck system also provides a critically needed mechanism for financial institutions and other business service providers to efficiently reach the Main Street small business market. OnDeck has deployed over $1 billion in capital to tens of thousands of businesses across 725 different industries. It was recently named to Forbes' 100 Most Promising Companies in America list and Inc. 500/5000 for a second year in a row. The company has earned A+ rating with the BBB.
Financial Information• Revenues: o 2011 – $12Mo 2012 – $26Mo 2013 – $65Mo 77M from Tiger Global (March)- OnDeck has raised $332M for both debt & equity from Institutional Venture Partners, RRE Ventures, SAP Ventures, First Round Capital, Google Ventures, Peter Theil, Industry Ventures, Contour Venture Partners, Khosla Ventures and Village Ventures. We have raised $230M+ in credit facilities to fund the loans from GS, Fortress Investment Group, DB, Key Bank & Square1 Bank.• Key partners: Intuit, CardConnect & BMO Harris Bank ***Intuit & BMO Harris Bank partnerships have not been publicized & should be considered privileged information.