Ondeck is a company that operates a technology-enabled financial platform that provides loan financing to small- and medium-sized businesses. The platform aims to leverage electronic information including online banking and merchant processing data to identify the creditworthiness of small businesses.

Employee Rating

4.2More
TypeSubsidiary
Parent CompanyEnova
HQNew York, NY, US
Founded2006
Websiteondeck.com
Cybersecurity ratingBMore
OnDeck was founded in 2006 and is headquartered in New York, NY, US

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Key People/Management at OnDeck

Noah Breslow

Noah Breslow

Chief Executive Officer
Debra Stroff

Debra Stroff

Chief People Officer
Rob Young

Rob Young

President International
David Miller

David Miller

Senior Vice President, Technology
Victoria Au

Victoria Au

Director, Engineering
Joe Finello

Joe Finello

Director Of Partnerships
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OnDeck Office Locations

OnDeck has offices in New York, Arlington, Denver, Sydney and in 1 other location
New York, NY, US (HQ)
1400 Broadway
Sydney, AU
Level 11, 130 Pitt Street
Montréal, CA
1100 Boulevard René-Lévesque O
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OnDeck Financials and Metrics

Summary Metrics

Founding Date

2006

Total Funding

$172.3 m

Investors

In total, OnDeck had raised $172.3 m. OnDeck is a subsidiary of Enova

OnDeck Revenue

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View revenue for all periods
OnDeck's revenue was reported to be $444.49 m in FY, 2019 which is a 11.6% increase from the previous period.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

351.0m398.4m444.5m

Revenue growth, %

20%14%12%

Cost of goods sold

199.1m195.6m218.0m

Gross profit

151.8m202.8m226.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

90.3m95.6m103.0m110.2m110.2m112.6m110.6m80.5m

Cost of goods sold

48.2m45.5m50.8m54.6m54.3m54.4m119.5m34.0m

Gross profit

42.1m50.1m52.2m55.5m55.9m58.2m(8.9m)46.5m

Gross profit Margin, %

47%52%51%50%51%52%(8%)58%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

71.4m59.9m56.3m

Accounts Receivable

843.8m1.0b1.1b

PP&E

23.6m16.7m20.3m

Total Assets

996.0m1.2b1.3b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

70.4m74.3m71.3m60.1m58.7m59.4m121.1m71.7m

Accounts Receivable

892.0m922.5m984.2m1.1b1.1b1.1b1.1m727.5m

PP&E

17.5m16.9m16.3m16.2m17.1m18.6m23.7m24.6m

Total Assets

1.0b1.1b1.1b1.2b1.2b1.3b1.3b968.6m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(14.3m)25.3m23.6m

Depreciation and Amortization

10.0m7.8m6.4m

Accounts Payable

(2.6m)1.5m2.5m

Cash From Operating Activities

210.2m263.8m282.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(2.4m)2.3m11.8m5.5m7.5m15.6m(60.0m)(64.2m)

Depreciation and Amortization

2.2m4.2m6.2m1.7m3.6m5.2m1.6m3.3m

Accounts Payable

364.0k1.4m3.0m859.0k1.5m(587.0k)518.0k1.3m

Cash From Operating Activities

53.9m118.5m182.2m68.8m136.6m206.7m57.4m101.0m
USDFY, 2017

Revenue/Employee

553.7k

Debt/Equity

2.6 x

Debt/Assets

0.7 x

Financial Leverage

3.7 x
Show all financial metrics

OnDeck Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Annual Percentage Yield

33.7%35.6%36.1%36.5%36.2%35.6%35%35.1%35.1%33.3%28.4%

Customers

97 k114 k

Industries Served

700700700

Loans Originated

$2.11 b$590.59 m$586.73 m$647.8 m$2.48 b$635.51 m$591.85 m$629.25 m$2.47 b$591.86 m$65.57 m
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OnDeck Acquisitions / Subsidiaries

Company NameDateDeal Size
EvolocityApril 03, 2019
Canada On Deck Asset Funding, LP
Loan Assets of OnDeck, LLC
OnDeck Account Receivables Trust 2013-1 LLC
OnDeck Asset Funding II LLC
OnDeck Asset Securitization Trust II LLC
On Deck Capital Australia PTY LTD
On Deck Capital Canada, Inc.
OnDeck Funding Trust No. 2
Prime OnDeck Receivable Trust II, LLC
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OnDeck Revenue Breakdown

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OnDeck revenue breakdown by business segment: 96.4% from Interest income and 3.6% from Other

Human Capital Metrics

Source: fortune.com
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OnDeck Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

OnDeck Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

OnDeck Online and Social Media Presence

Embed Graph

OnDeck Company Culture

  • Overall Culture

    A

    85/100

  • CEO Rating

    A+

    94/100

  • Compensation

    A

    86/100

  • Diversity

    B

    80/100

Learn more on Comparably

OnDeck News and Updates

ODX and Fundation to Combine and Form Linear Financial Technologies, the Leading Digital Account Origination Platform

ODX, LLC and Fundation Group LLC today announced their businesses will combine to become Linear Financial Technologies ("Linear"), the market leader in digital account origination technology and insights for financial institutions, B2B vendors and SMB service providers. The company provides loan ori…

OnDeck Partners with HomeAdvisor

OnDeck®, a part of Enova International, today announced a partnership with HomeAdvisor to support home service professionals and companies on the HomeAdvisor network with access to transparent, flexible and timely financing options. As the nation continues to recover from the pandemic, small busines…

OnDeck Explains how Small Businesses in the US May Apply for First or Second Draw PPP Loans Now through March 31, 2021

OnDeck notes that the Small Business Administration (SBA) and US Treasury Department have resumed the Paycheck Protection Program (PPP) for First Draw Loans (on the week of January 11, 2021, and on January 13, 2021).

Enova to buy OnDeck for $90m

OnDeck, the online lender to small businesses, is being acquired by rival Enova in a cash and stock deal worth around $90 million.

OnDeck sets June loan restart date amid alt lender difficulties

This story was delivered to Business Insider Intelligence Fintech Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here. Stay up-to-date with our latest coverage on the impacts of coronavirus o…

OnDeck Announces Date of First Quarter 2020 Earnings Conference Call

NEW YORK, April 13, 2020 /PRNewswire/ -- OnDeck速 (NYSE: ONDK), the leader in online lending for small business, announced today that it will report first quarter 2020 financial results on Thursday, April 30th, at approximately 7:00 a.m. ET. The company will host a conference call to...
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OnDeck Blogs

Enova Announces Completion of OnDeck Acquisition

Enova (NYSE:ENVA) announced on Tuesday it has officially completed the acquisition of online lender OnDeck (NYSE:ONDK). Enova revealed in July 2020 it had purchased OnDeck for $1.38 a share, including $0.12 in cash. The post Enova Announces Completion of OnDeck Acquisition appeared first on OnDeck.

Fintechs Gear Up to Get Coronavirus Aid to More Small Businesses

You can access the original article on Barron’s here: https://www.barrons.com/articles/fintechs-gear-up-to-get-coronavirus-aid-to-more-small-businesses-51587987001 Fintechs Gear Up to Get Coronavirus Aid to More Small Businesses Barron’s Online Luisa Beltran 27 April 2020 11:30 GMT 714 words English…

New PPP Small Business Loan Bill Excludes Fintech Lenders, Threatening the Smallest Businesses

https://fortune.com/2020/04/22/new-ppp-small-business-loan-bill-excludes-fintech-lenders-threatening-the-smallest-businesses/ The post New PPP Small Business Loan Bill Excludes Fintech Lenders, Threatening the Smallest Businesses appeared first on OnDeck.

$484 Billion ‘Phase 3.5’ Coronavirus Stimulus Deal Reached for Small Businesses

https://video.foxnews.com/v/6151260868001#sp=show-clips The post $484 Billion ‘Phase 3.5’ Coronavirus Stimulus Deal Reached for Small Businesses appeared first on OnDeck.

Banks Brace for New Wave of Small Businesses at Troubled Loan Program

https://www.politico.com/news/2020/04/09/banks-brace-for-new-wave-of-small-businesses-at-troubled-loan-program-178117 The post Banks Brace for New Wave of Small Businesses at Troubled Loan Program appeared first on OnDeck.

OnDeck Sponsoring Daniel Hemric at Atlanta and Chicago

http://tireball.com/nascar/2020/03/12/ondeck-sponsoring-daniel-hemric-at-atlanta-and-chicago/ The post OnDeck Sponsoring Daniel Hemric at Atlanta and Chicago appeared first on OnDeck.
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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, Debra Stroff and Rob Young.

  • How many employees does OnDeck have?

    OnDeck has 742 employees.

  • What is OnDeck revenue?

    Latest OnDeck annual revenue is $444.5 m.

  • What is OnDeck revenue per employee?

    Latest OnDeck revenue per employee is $599 k.

  • Who are OnDeck competitors?

    Competitors of OnDeck include Credibly, Linear Financial Technologies and Fundbox.

  • Where is OnDeck headquarters?

    OnDeck headquarters is located at 1400 Broadway, New York.

  • Where are OnDeck offices?

    OnDeck has offices in New York, Arlington, Denver, Sydney and in 1 other location.

  • How many offices does OnDeck have?

    OnDeck has 5 offices.