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 M (USD)20as on Dec 31, 2017
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Net Profit
$27.96 M (USD)3as on Dec 31, 2019
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EBITDA
-$85.07 M (USD)-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.
Revolving credit for ongoing business funding and cash flow needs.
One-time funding for business investments like expansion or equipment.
People of OnDeck
Unlock access to complete
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 |
|
| Mar, 2014 | Amount | Series E - OnDeck | Valuation | Tiger Global Management | |
| Sep, 2013 | Amount | Debt – Conventional - OnDeck | 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.
| 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 |
Investments & Acquisitions by OnDeck
OnDeck has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Evolocity.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Working capital loans provider for small businesses
|
2008 |
Financial Statements - OnDeck
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.
| 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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Frequently Asked Questions about OnDeck
OnDeck was founded in 2007 and raised its 1st funding round 1 year after it was founded.
OnDeck is headquartered in New York, United States. It is registered at New York, New York, United States.
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.
As of Dec 31, 2021, the latest employee count at OnDeck is 238.
Annual revenue of OnDeck is $350.95M as on Dec 31, 2017.
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.
OnDeck's top competitors include Breakout Capital, Bond Street and QuarterSpot.
OnDeck offers Business Line of Credit and Term Loan.
OnDeck has made 1 acquisition, including Evolocity.
OnDeck has 21 investors. Key investors include Goldman Sachs, KeyBank, Deutsche Bank, Crédit Agricole, and Credit Suisse.