About OnDeck
OnDeck is a company based in New York (United States) founded in 2007 was acquired by Enova in July 2020.. OnDeck has raised $197.34 million across 14 funding rounds from investors including Goldman Sachs, KeyBank and Deutsche Bank. The company has 238 employees as of December 31, 2021. OnDeck has completed 1 acquisition, including Evolocity. OnDeck offers products and services including Business Line of Credit and Term Loan. OnDeck operates in a competitive market with competitors including Breakout Capital, CommLoan, The Credit Junction, QuarterSpot and Bond Street, among others.
- Headquarter New York, United States
- Employees 238 as on 31 Dec, 2021
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name On Deck Capital, Inc.
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Annual Revenue
$350.95 M20as on Dec 31, 2017
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Net Profit
$27.96 M3as on Dec 31, 2019
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EBITDA
$-85.07 M-4319as on Dec 31, 2016
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Total Equity Funding
$197.34 M (USD)
in 14 rounds
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Latest Funding Round
$93 M (USD), Debt – Conventional
Jul 20, 2018
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Investors
Goldman Sachs
& 20 more
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Employee Count
238
as on Dec 31, 2021
- Investments & Acquisitions
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Acquired by
Enova
(Jul 28, 2020)
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Products & Services of OnDeck
OnDeck offers a comprehensive portfolio of products and services, including Business Line of Credit and Term Loan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Revolving credit for ongoing business funding and cash flow needs.
One-time funding for business investments like expansion or equipment.
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Software Development Team
155 people
Data Analysis and Operations Team
41 people
Operations Team
27 people
Product Management Team
27 people
Legal and Compliance
20 people
Sales and Marketing
19 people
Senior Team
14 people
Leadership Team
12 people
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Funding Insights of OnDeck
OnDeck has successfully raised a total of $197.34M across 14 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $93 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 14
- Last Round Debt – Conventional — $93.0M
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First Round
First Round
(05 May 2008)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Debt – Conventional - OnDeck | Valuation |
investors |
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| Mar, 2014 | Amount | Series E - OnDeck | Valuation | Tiger Global Management | |
| Sep, 2013 | Amount | Debt – Conventional - OnDeck | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OnDeck
OnDeck has secured backing from 21 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Goldman Sachs, KeyBank and Deutsche Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth in technology companies is supported through venture capital.
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Founded Year | Domain | Location | |
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VC firm investing in seed and early stage companies in the US
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Founded Year | Domain | Location | |
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US focused seed and early-stage VC firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OnDeck
OnDeck has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Evolocity. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Working capital loans provider for small businesses
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OnDeck
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ondeck Comparisons
Competitors of OnDeck
OnDeck operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Breakout Capital, CommLoan, The Credit Junction, QuarterSpot and Bond Street, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Business term loans and invoice financing are offered online.
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| domain | founded_year | HQ Location |
Business loans are matched online between borrowers and lenders.
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| domain | founded_year | HQ Location |
Provides working capital financing solutions to small and medium enterprises.
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| domain | founded_year | HQ Location |
Unsecured term loans for small businesses.
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| domain | founded_year | HQ Location |
Alternative term loans for small businesses are financed by investors.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ondeck
Frequently Asked Questions about OnDeck
When was OnDeck founded?
OnDeck was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is OnDeck located?
OnDeck is headquartered in New York, United States. It is registered at New York, New York, United States.
Is OnDeck a funded company?
OnDeck is a funded company, having raised a total of $197.34M across 14 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $130M, raised on May 05, 2008.
How many employees does OnDeck have?
As of Dec 31, 2021, the latest employee count at OnDeck is 238.
What is the annual revenue of OnDeck?
Annual revenue of OnDeck is $350.95M as on Dec 31, 2017.
What does OnDeck do?
OnDeck was founded in 2007 and is headquartered in New York, United States. Operations are centered in the fintech sector, where term loans are provided directly to businesses through an online application process. Customized loan amounts, terms, and repayment schedules are available based on applicant details. Upon approval, funds are disbursed to registered business bank accounts, facilitating access to capital for small enterprises.
Who are the top competitors of OnDeck?
OnDeck's top competitors include Breakout Capital, Bond Street and QuarterSpot.
What products or services does OnDeck offer?
OnDeck offers Business Line of Credit and Term Loan.
How many acquisitions has OnDeck made?
OnDeck has made 1 acquisition, including Evolocity.
Who are OnDeck's investors?
OnDeck has 21 investors. Key investors include Goldman Sachs, KeyBank, Deutsche Bank, Crédit Agricole, and Credit Suisse.
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