Year Founded: 2007
Location: New York, NY
Zip Code: 10018
Full-Time Employees: 201-500
Type of Company: Private
Target Markets: Business to Consumer
Category: Finance & Investment
Sources of Revenue: Growing number of small businesses we are able to serve
Areas of social impact: Not Available
Approximate number of sources of government open data: 11-50 Agencies/Local Governments/Organizations
Launched in 2007, OnDeck uses data aggregation and electronic payment technology to evaluate the financial health of small and medium sized businesses and efficiently deliver capital to a market under-served by banks. Through the OnDeck platform, millions of small businesses can obtain affordable loans with a fraction of the time and effort that it takes through traditional channels. The company's proprietary credit models look deeper into the health of businesses, focusing on overall business performance, rather than the owner's personal credit history. The OnDeck system also provides a critically needed mechanism for financial institutions and other business service providers to efficiently reach the Main Street small business market.
OnDeck has deployed over $1 billion in capital to tens of thousands of businesses across 725 different industries. It was recently named to Forbes' 100 Most Promising Companies in America list and Inc. 500/5000 for a second year in a row. The company has earned A+ rating with the BBB.