Ondeck is a technology-enabled financial platform that provides loan financing to small- and medium-sized businesses. OnDeck’s innovative technology platform leverages electronic information including online banking and merchant processing data to identify the creditworthiness of small businesses in minutes, while traditional lenders typically take days or even weeks.
OnDeck partnered with other online lending platforms and a community lending non-profit association to create SMART Box, a capital comparison tool for small business financing. SMART Box uses standardized price metrics and explanations so people can best assess their loan options. They’ll find four key metrics: total cost of capital, annual percentage rate (APR), average monthly payment, and cents on the dollar. 


TypePublic
HQNew York, US
Founded2006
Size (employees)708 (est)+43%
Websiteondeck.com
OnDeck was founded in 2006 and is headquartered in New York, US
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Key People/Management at OnDeck

Noah Breslow

Noah Breslow

CEO
Andrea Gellert

Andrea Gellert

Chief Revenue Officer
Jerome Hershey

Jerome Hershey

Vice President of Business Development
Howard Katzenberg

Howard Katzenberg

Chief Finance Officer
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OnDeck Office Locations

OnDeck has offices in Arlington, New York and Denver
New York, US (HQ)
1400 Broadway
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OnDeck Financials and Metrics

OnDeck Revenue

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OnDeck's revenue was reported to be $152.59 m in FY, 2017
USD

Revenue (Q2, 2018)

92.3m

Gross profit (Q2, 2018)

(1.3m)

Gross profit margin (Q2, 2018), %

(1.4%)

Net income (Q2, 2018)

2.3m

EBIT (Q2, 2018)

2.4m

Market capitalization (15-Oct-2018)

504.6m

Closing stock price (15-Oct-2018)

6.8

Cash (30-Jun-2018)

74.3m
OnDeck's current market capitalization is $504.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

65.2m158.1m254.8m108.9m152.6m

Revenue growth, %

142%61%(57%)

Cost of goods sold

40.0m84.6m95.1m182.4m198.4m

Gross profit

25.3m73.4m159.7m(73.5m)(45.8m)
Quarterly
USDQ1, 2018Q2, 2018

Revenue

42.2m92.3m

Cost of goods sold

48.1m93.6m

Gross profit

(5.9m)(1.3m)

Gross profit Margin, %

(14%)(1%)
Annual
USDFY, 2016FY, 2017

Cash

79.6m71.4m

Accounts Receivable

191.3m

PP&E

29.4m23.6m

Total Assets

1.1b996.0m
Quarterly
USDQ1, 2018Q2, 2018

Cash

70.4m74.3m

PP&E

17.5m16.9m

Total Assets

1.0b1.1b

Accounts Payable

3.0m4.1m
Annual
USDFY, 2016FY, 2017

Net Income

(85.5m)(14.3m)

Depreciation and Amortization

9.5m10.0m

Accounts Payable

2.6m(2.6m)

Cash From Operating Activities

134.3m210.2m
Quarterly
USDQ1, 2018Q2, 2018

Net Income

(2.4m)2.3m

Depreciation and Amortization

2.2m4.2m

Accounts Payable

364.0k1.4m

Cash From Operating Activities

53.9m118.5m
USDY, 2018

Financial Leverage

3.9 x
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OnDeck Operating Metrics

OnDeck's Total Loans was reported to be $970.5m in Q2, 2017. OnDeck's Customers was reported to be 70 k in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Customers

50 k50 k60 k60 k70 k70 k

Total Loans

$504.11 m$556.42 m$513.92 m$512.39 m$552.74 m$663.39 m$804.40 m$905.33 m$1 b$1.05 b$970.47 m
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OnDeck Revenue Breakdown

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OnDeck revenue breakdown by business segment: 76.6% from Interest income, 20.9% from Gain on sales of loans and 2.5% from Other

Human Capital Metrics

Source: fortune.com
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OnDeck Online and Social Media Presence

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OnDeck News and Updates

OnDeck creates subsidiary to work with banks

OnDeck® (NYSE: ONDK), the leader in online lending to small business, today introduced ODX, a new co...

OnDeck Launches ODX for Banks

NEW YORK, Oct. 16, 2018 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending to small business, today introduced ODX, a new company that will focus on helping banks digitize their small business lending process. ODX will operate as a wholly-owned subsidiary of OnDeck. ODX...

OnDeck Small Business Online Lending Tops $10 Billion

NEW YORK, Sept. 12, 2018 /PRNewswire/ -- OnDeck® (NYSE: ONDK), today announced it has achieved a milestone in the Financial Technology (FinTech) industry, becoming the first non-bank online lender to surpass $10 billion in total loans originated to small businesses. OnDeck, with...

OnDeck reports strong second quarter

OnDeck (NYSE:ONDK), the leader in online lending for small business, today announced second quarter...

OnDeck Adds New $175 Million Credit Facility

NEW YORK, Aug. 8, 2018 /PRNewswire/ -- OnDeck® (NYSE:ONDK), the leader in online lending for small business, announced today the closing of a $175 million asset-backed revolving credit facility consisting of funds provided by Liberty Mutual Insurance Company and certain of its affiliates, ...

UPDATE 1-Online lender OnDeck tops profit estimates on higher loan originations

OnDeck Capital Inc topped second-quarter profit estimates on Tuesday, as the online lender gave out more loans to borrowers and earned more from higher interest rates.
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OnDeck Blogs

OnDeck Creates New Subsidiary for Bank Partnerships

American Banker Online By Kevin Wack 16 October 2018 Click here to read this on American Banker OnDeck Capital, an online lender that also provides the technology to JPMorgan Chase’s digital small-business lending platform, is […] The post OnDeck Creates New Subsidiary for Bank Partnerships appeared…

OnDeck Launches New Subsidiary to Partner with Banks

Oct. 16, 2018 | Reuters NEW YORK (Reuters) – OnDeck Capital Inc has set up a subsidiary that will provide technology and other services to banks looking to lend to small businesses online, it said […] The post OnDeck Launches New Subsidiary to Partner with Banks appeared first on OnDeck.

Meadowlark Home Care Selected as OnDeck Small Business of the Month

Michigan Home Care Service Turns to OnDeck for Business Growth NEW YORK, NY., September 28, 2018 – – OnDeck® (NYSE: ONDK), the leader in online lending to small business, today announced that Meadowlark Home Care […] The post Meadowlark Home Care Selected as OnDeck Small Business of the Month appear…

OnDeck Surpasses $10B in Lending

September 12, 2018 | Lend Academy Back in 2007, OnDeck started making loans to US small businesses. Since then, the company weathered the financial crisis, lending to small businesses at a time when few were. In 2010, […] The post OnDeck Surpasses $10B in Lending appeared first on OnDeck.

Dressed in Time Named OnDeck Small Business of the Month

Wisconsin Formal Wear Shop Is Just in Time for August Award NEW YORK, NY., August 29, 2018 – – OnDeck® (NYSE: ONDK), the leader in online lending to small business, today announced that Dressed In […] The post Dressed in Time Named OnDeck Small Business of the Month appeared first on OnDeck.

Proactive Investors News: Noah Breslow Interview

The post Proactive Investors News: Noah Breslow Interview appeared first on OnDeck.
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OnDeck Company Life and Culture

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