OnDeck

lendingsme financing

FOUNDING YEAR: 2007
LOCATION: United States
Last Update: 05/04/2021

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About

At OnDeck, we make small business a big deal. Our passion for Main Street and the cutting-edge technology we use to evaluate businesses based on their actual performance, not solely business owners personal credit scores, make it possible for us to responsibly expand access to credit. This allows businesses to spend their time where it provides the most benefiton their customers, not looking for a small business loan.Since 2007, weve issued billions in capital. As the largest online small business lender in the U.S. serving more than 700 different industries, we have provided our customers with a term loan or line of credit to help them build a growing and thriving enterprise.Come be a part of a company that's changing the game for small business financing.

MEDICI Analysis

OnDeck is an online platform providing loan financing to the small- and medium-sized businesses. The company 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 underserved by banks. The company was opened IPO on Dec 2014.

Focus

PRODUCTS & SERVICES

Online credit marketplace for small business.

REVENUE MODEL

The company generates revenue by charging 10-15% of the total amount, an origination fee and a maintainence fee depending on terms loans or line of credit.

MAIN CLIENTS

Small Businesses

EXISTING PARTNERSHIPS

JP Morgan

COMMENT

OnDeck uses a proprietary assessment of creditworthiness that pulls in more and better data than banks do.

Traction

VALUATION / MARKET CAP:

$440 M in 2018

COMPANY TYPE:

For Profit

STOCK EXCHANGE:

NYSE - New York Stock Exchange

REVENUE

$10M+ in 2018

REVENUE COMMENT:

The company had an estimated revenue of $400million in 2018

VALUATION AT IPO:

1320000000

MONEY RAISED AT IPO:

200000000

company provided insights
Acquisitions

M&A

ACQUIRED BY

Enova International

ANNOUNCED DATE

Jul 2020

PRICE

$90 M

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

139,805

AVERAGE VISITS (6 MONTHS)

122,036.95

MONTHLY VISITS GROWTH

-1.99%

VISIT DURATION

155

VISIT DURATION GROWTH

-21.71%

PAGE VIEWS VISIT

3.05

PAGE VIEWS VISIT GROWTH

-1.93%

BOUNCE RATE

48.66%

BOUNCE RATE GROWTH

1.28%

GLOBAL TRAFFIC RANK

231,312

MONTHLY RANK CHANGE

-34,123

MONTHLY RANK GROWTH

-12.86%

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OnDeck

About

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 underserved by banks.

Focus

PRODUCTS & SERVICES

Online credit marketplace for small business.

REVENUE MODEL

The company generates revenue by charging 10-15% of the total amount, an origination fee and a maintainence fee depending on terms loans or line of credit.

Traction

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO