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. 


Type
Public
HQ
New York, US
Founded
2006
Size (employees)
708 (est)+43%
Website
ondeck.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 (Q1, 2018)

42.2 m

Gross profit (Q1, 2018)

(5.9 m)

Gross profit margin (Q1, 2018), %

(14.1%)

Net income (Q1, 2018)

(2.4 m)

EBIT (Q1, 2018)

(2.4 m)

Market capitalization (18-Jul-2018)

594.2 m

Closing share price (18-Jul-2018)

8

Cash (31-Mar-2018)

70.4 m
OnDeck's current market capitalization is $594.2 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

142%61%(57%)

Cost of goods sold

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

Gross profit

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

Revenue

42.2 m

Cost of goods sold

48.1 m

Gross profit

(5.9 m)

Gross profit Margin, %

(14%)
Annual
USDFY, 2016FY, 2017

Cash

79.6 m71.4 m

Accounts Receivable

191.3 m

PP&E

29.4 m23.6 m

Total Assets

1.1 b996 m
Quarterly
USDQ1, 2018

Cash

70.4 m

PP&E

17.5 m

Total Assets

1 b

Accounts Payable

3 m
Annual
USDFY, 2016FY, 2017

Net Income

(85.5 m)(14.3 m)

Depreciation and Amortization

9.5 m10 m

Accounts Payable

2.6 m(2.6 m)

Cash From Operating Activities

134.3 m210.2 m
Quarterly
USDQ1, 2018

Net Income

(2.4 m)

Depreciation and Amortization

2.2 m

Accounts Payable

364 k

Cash From Operating Activities

53.9 m
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

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OnDeck Company Life and Culture

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