Predict your next investment

Corporation
INTERNET | Internet Software & Services / Accounting & Finance
ondeck.com

See what CB Insights has to offer

Founded Year

2006

Stage

Acq - P2P | Acquired

Total Raised

$394M

Valuation

$0000 

Revenue

$0000 

About OnDeck Capital

OnDeck Capital uses data aggregation and electronic payment technology to evaluate the financial health of small businesses and to efficiently deliver capital to a market underserved by traditional bank loans. Through the OnDeck Capital platform, small businesses can obtain affordable loans to meet daily operating and long term goals. The company's platform looks deeper into the health of small businesses, focusing on the overall business performance, rather than the owner's personal credit history. The OnDeck system also provides a critically needed mechanism for commercial institutions to efficiently reach and serve the historically underserved Main Street small businesses market.

OnDeck Capital Headquarter Location

1400 Broadway 25th Floor

New York, New York, 10018,

United States

888-269-4246

Latest OnDeck Capital News

OnDeck Markets First ABS Since Purchase by Subprime Lender Enova

Apr 26, 2021

Apr 26 2021, 9:28 PM April 26 2021, 8:04 PM April 26 2021, 9:28 PM (Bloomberg) -- Online lender OnDeck Capital is planning its first bond sale since it was acquired last year by consumer-credit giant Enova International Inc., an issuer of high-cost installment loans. (Bloomberg) -- Online lender OnDeck Capital is planning its first bond sale since it was acquired last year by consumer-credit giant Enova International Inc., an issuer of high-cost installment loans. The firm plans to sell asset-backed securities in four tranches, according to people with knowledge of the offering. The transaction is one of a handful of debt sales backed by small business loans in recent weeks as the search for capital-markets financing heats up following a rough year for the sector. “As a result of Covid-19 related economic disruption, unemployment is elevated and may impact revenue of small businesses as consumers and businesses may be less inclined or able to spend,” Kroll Bond Rating Agency analysts wrote in the presale report. “Small businesses struggled throughout the pandemic due to the elevated unemployment levels, complete lockdowns, capacity limits, and social distancing measures.” The deal is one of several making the rounds. Harvest Small Business Finance started selling an offering backed by unguaranteed loans on Thursday while lender Credibly priced its inaugural transaction on April 1. Enova has historically focused on non-prime consumer lending and to a lesser degree small business lending, according to a presale report last week from Kroll. That can bring some risks as rating firms say company integrations can be difficult for continuity. However, while certain key management left OnDeck subsequent to the merger there are enough experienced personnel left to support operational and servicing issues should they arise, according to the credit rater. Previous OnDeck deals, as well as ABS from other marketplace lenders, have run into problems before due to bad loans , although they were eventually paid in full. Beginning in May 2020, “multiple trigger events were breached” on OnDeck’s previous transactions from 2018 and 2019, Kroll said. That means cash was diverted from low-ranked bondholders to protect investors with higher priority.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing OnDeck Capital

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

OnDeck Capital is included in 6 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

D

Digital Lending

1,148 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

S

SMB Fintech

1,132 items

U

US-based SMB Fintech Companies

354 items

F

Fintech

26,163 items

US-based companies

OnDeck Capital Patents

OnDeck Capital has filed 4 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/14/2013

Loans, Knowledge representation, Mortgage, Credit, Personal finance

Application

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

11/14/2013

00/00/0000

00/00/0000

00/00/0000

Grant Date

00/00/0000

00/00/0000

00/00/0000

Title

Subscribe to see more

Subscribe to see more

Subscribe to see more

Related Topics

Loans, Knowledge representation, Mortgage, Credit, Personal finance

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Application

Subscribe to see more

Subscribe to see more

Subscribe to see more

OnDeck Capital Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

OnDeck Capital Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.