On Deck provides an online lending platform that leverages data aggregation and electronic payment data to evaluate small-business creditworthiness and streamline loan applications. Its infrastructure lets banks and lenders evaluate business performance data and pull business-level credit scores rather than relying on owners’ personal credit. The company reports applications that take about 15 minutes and says repeat customers increased 34% in 2012. On Deck has deployed over $450 million in loans and secured a $100 million credit facility from Goldman Sachs and others in 2012. The startup intends to use new capital to ramp hiring and accelerate product development to expand access to on-demand short-term capital for millions of small U.S. businesses. Founded in 2007, the company aims to power a large share of U.S. small business loans for firms with 25 employees or fewer. On Deck is a technology-powered lender that uses data aggregation and electronic payment technology to evaluate the financial health of small and medium-sized businesses. Its proprietary credit models assess overall business performance rather than owners' personal credit histories. The company has deployed $400M directly to thousands of small and medium-sized businesses. On Deck plans to use new capital for technology innovation, new product development, marketing to reach more small business owners, and to access wholesale funding sources. Launched in 2007 and led by CEO Noah Breslow, the company operates regional offices in Atlanta, Sarasota, Chicago and Los Angeles, with a New York City headquarters and a western region office planned for Denver in 2013. On Deck is a New York, NY–based main street lender launched in 2007. The company uses data aggregation and electronic payment technology to evaluate the financial health of small businesses and deliver capital efficiently. It targets main street businesses typically underserved by traditional bank loans. On Deck is led by CEO Noah Breslow and CFO Howard Katzenberg. The company is backed by venture firms including SAP Ventures, Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures and Village Ventures and is actively hiring. Proceeds from recent financing are intended to increase lending capacity and advance its working capital solution so customers can grow operations. On Deck is an evaluation and financing platform that connects small businesses with capital using data aggregation and electronic payment technology. Launched in 2006 and led by President Brad Kime, the company’s proprietary platform assesses overall business performance rather than the owner’s personal credit history to deliver capital for daily operations and long‑term goals. The company is based in New York and also operates offices in Arlington, Virginia. On Deck has raised a total of $19M in Series C funding after a $4M investment announced in June 2011. The new funding is intended to help expand the company’s sales and marketing initiatives. Previous investors include SAP Ventures, Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures and Village Ventures.

Total raised

$160M

Funding rounds

5

Latest round

Series D

Latest activity

May 2013