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. 


Employee Rating

3.2More
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 New York, Denver and Arlington
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 (17-Jan-2019)

525.3m

Closing stock price (17-Jan-2019)

7.0

Cash (30-Jun-2018)

74.3m
OnDeck's current market capitalization is $525.3 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

65.2m158.1m159.7m108.9m152.6m

Revenue growth, %

142%61%(57%)

Cost of goods sold

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

Gross profit

25.3m73.4m64.6m(73.5m)(45.8m)
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

43.0m46.0m31.5m28.9m32.3m35.4m42.3m42.2m92.3m

Cost of goods sold

20.3m21.4m31.2m40.6m45.0m57.5m44.3m48.1m93.6m

Gross profit

22.7m24.7m297.0k(11.8m)(12.7m)(22.0m)(2.0m)(5.9m)(1.3m)

Gross profit Margin, %

53%54%1%(41%)(39%)(62%)(5%)(14%)(1%)
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

159.8m79.6m71.4m

Accounts Receivable

191.3m

PP&E

26.2m29.4m23.6m

Total Assets

749.3m1.1b996.0m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

179.7m165.7m136.8m78.1m85.9m73.0m77.9m70.4m74.3m

Inventories

513.9m512.4m

PP&E

17.5m18.2m30.5m30.4m30.3m28.3m27.0m17.5m16.9m

Total Assets

718.3m708.6m828.8m901.7m997.9m1.1b1.0b1.0b1.1b
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

(2.2m)(85.5m)(14.3m)

Depreciation and Amortization

6.5m9.5m10.0m

Accounts Payable

236.0k2.6m(2.6m)

Cash From Operating Activities

118.9m134.3m210.2m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

(595.0k)2.9m(13.1m)(31.8m)(49.0m)(11.6m)(14.2m)(2.4m)2.3m

Depreciation and Amortization

2.9m4.6m2.1m4.4m6.9m2.6m5.2m2.2m4.2m

Accounts Payable

2.9m59.0k2.8m1.2m1.4m(1.2m)298.0k364.0k1.4m

Cash From Operating Activities

50.3m89.7m19.8m52.3m89.5m44.9m97.0m53.9m118.5m
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 Announces Agreement to Combine Canadian Operations with Evolocity Financial Group

Combination Will Create A Leading Online Lending Platform Serving Small Businesses in Canada TORONTO, Dec. 5, 2018 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending to small business, announced today that it has entered into a definitive agreement to combine its Canadian...

UPDATE 2-Online lender OnDeck beats profit estimates, shares surge

OnDeck Capital Inc, which lends to small businesses online, reported a third-quarter profit that beat estimates and raised its full-year outlook, sending its shares surging nearly 26 percent.

CORRECTED-UPDATE 1-Online lender OnDeck beats profit estimates

Online lender OnDeck Capital Inc reported a better-than-expected quarterly profit on Tuesday, as it issued more loans and earned more from higher interest rates.

PNC enlists OnDeck for digital business lending platform

PNC Bank, National Association, today announced that in 2019 it plans to begin offering fully digita...

PNC Bank To Roll Out Digital Business Lending Platform With OnDeck In 2019

PITTSBURGH, Oct. 22, 2018 /PRNewswire/ -- PNC Bank, National Association, today announced that in 2019 it plans to begin offering fully digital business lines of credit, up to $100,000, in an expansion of its online lending to customers and prospects in the United States. PNC's new...

PNC partners with OnDeck for online small business lending

PNC Financial Services Group's PNC Bank will use technology from digital lender OnDeck Capital to extend loans to small businesses online, the companies said on Monday.
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OnDeck Blogs

Kingston Collision Wins Small Business Award

Dec. 21, 2018 | FenderBender.com The media outlet OnDeck recently announced Kingston Collision as its Small Business of the Month for December 2018. Kingston Collision serves residents of Kingston, N.Y. and the Hudson Valley. The owner, […] The post Kingston Collision Wins Small Business Award appea…

Small Business Lender OnDeck to Offer Equipment Loans

By Lydia Beyoud | December 19, 2018 10:26AM ET Online small business lender OnDeck Capital plans to launch an equipment finance loan business in early 2019, applying its algorithmic know-how to the $35 billion market. […] The post Small Business Lender OnDeck to Offer Equipment Loans appeared first …

OnDeck To Enter EF Market, Hires Industry Veteran as VP

OnDeck announced it will begin offering equipment finance loans to select U.S. small businesses next year, bringing its technology and digital lending expertise to what has traditionally been a slow-moving, opaque and complicated process. “With more […] The post OnDeck To Enter EF Market, Hires Indu…

Online Lender OnDeck Beats Profit Estimates, Shares Surge

(Reuters) – OnDeck Capital Inc (ONDK.N), which lends to small businesses online, reported a third-quarter profit that beat estimates and raised its full-year outlook, sending its shares surging nearly 26 percent. The company expects a […] The post Online Lender OnDeck Beats Profit Estimates, Shares …

OnDeck Reports Third Quarter 2018 Financial Results

Net income* of $9.8 million, $0.12 per diluted share Adjusted Net income* of $13.2 million, $0.17 per diluted share Gross revenue of $103.0 million, up 8% sequentially and 23% from a year ago Raised 2018 […] The post OnDeck Reports Third Quarter 2018 Financial Results appeared first on OnDeck.

A big bank turns to fintech to speed up loans

Oct 22, 2018 On Deck Capital, an online lender to small businesses, is teaming up with PNC Financial Services. On Deck’s pitch: Make loans to small businesses relatively quickly. It currently has $1 billion worth […] The post A big bank turns to fintech to speed up loans appeared first on OnDeck.
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OnDeck Company Life and Culture

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OnDeck Frequently Asked Questions

  • When was OnDeck founded?

    OnDeck was founded in 2006.

  • Who are OnDeck key executives?

    OnDeck's key executives are Noah Breslow, Andrea Gellert and Jerome Hershey.

  • How many employees does OnDeck have?

    OnDeck has 708 employees.

  • What is OnDeck revenue?

    Latest OnDeck annual revenue is $152.6 m.

  • What is OnDeck revenue per employee?

    Latest OnDeck revenue per employee is $215.5 k.

  • Who are OnDeck competitors?

    Competitors of OnDeck include Zebit, Ebury and Avant.

  • Where is OnDeck headquarters?

    OnDeck headquarters is located at 1400 Broadway, New York.

  • Where are OnDeck offices?

    OnDeck has offices in New York, Denver and Arlington.

  • How many offices does OnDeck have?

    OnDeck has 3 offices.