Where is OnDeck located?

OnDeck is headquartered in New York City, United States.

How many employees does OnDeck have?

As of May 31, 2026, the latest employee count at OnDeck is 449.

Is OnDeck a funded company?

OnDeck is a funded company, having raised a total of $197M across 15 funding rounds to date. The company's 1st funding round was a $***** Series A round.

How much is OnDeck worth?

The last known valuation of OnDeck was $***** as of Jul 28, 2020.

When was the latest funding round of OnDeck?

OnDeck's latest funding was a $***** Conventional Debt round on Jul 20, 2018, with participation from 2 investors. Its primary sector is Alternative Lending. In United States, the Alternative Lending sector has seen $2.53B in funding in 2026 to date.

What is the annual revenue of OnDeck?

Annual revenue of OnDeck is between $100M and $500M as on Dec 31, 2017

Where does OnDeck rank among its competitors?

OnDeck ranks 1st amongst 41 active competitors, of which 10 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was SmartBiz Loans, which secured $490K in Mar, 2025.

Who are the top competitors of OnDeck?

OnDeck's top competitors include Liftforward, Breakout Capital and BondIt. Among them, SmartBiz Loans secured the most recent funding round in March, 2025.

OnDeck - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is OnDeck an acquired company?

OnDeck got acquired by Enova on Jul 28, 2020.

OnDeck is an acquired company based in New York City (United States), founded in 2007 by Mitch Jacobs. It operates as an Online platform for business loans. OnDeck has raised $197M in funding from investors like IVP, Tiger Global Management and Sapphire Ventures, with last known valuation of $*****. The company has 41 active competitors, including 10 funded and 8 that have exited. Its top competitors include companies like Liftforward, Breakout Capital and BondIt.

Company Details

Online platform for business loans. It is a direct lender offering terms loans with customized terms, amounts, and repayment options. Users must add the required details and apply for the loan. Once approved, the funds are transferred to the registered business accounts.

Website: www.ondeck.com/
Social

Key Metrics

Founded Year

2007

Location

New York City, United States

Stage

Acquired

Total Funding

$197M in 15 rounds

Latest Funding Round

Conventional Debt, Jul 20, 2018, $*****

Last Known Valuation

$***** as on Jul 28, 2020

Investors

IVP & 22 more

Ranked

1^st among 41 active competitors

Annual Revenue

$100M - $500M as on Dec 31, 2017

Employee Count

449 as on May 31, 2026

Investment & Acquisitions

Mykare Health & 6 more

Similar Companies

Breakout Capital & 58 more

Exit Details

Acquired by Enova (Jul 28, 2020)

View OnDeck's full profile

OnDeck is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ON DECK CAPITAL, INC. CIN: 1420811 , United States, Active	May 03, 2006	$100M - $500M (As on Dec 31, 2017)	397 (As on Dec 31, 2022)	-

OnDeck got acquired by Enova on Jul 28, 2020 at an acquisition amount of $*****.

Click here to take a look at OnDeck's acquisition in detail

OnDeck has raised a total funding of $197M over 15 rounds. Its latest funding round was a Conventional Debt round on Jul 20, 2018 for $*****. 2 investors participated in its latest round. OnDeck has 22 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of OnDeck:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 20, 2018	9592040	Conventional Debt	7865625	2282893	3273390	6450625
Mar 10, 2014	3645798	Series E	1079212	6737294	8016402	IVP & 6 more
Sep 16, 2013	2290763	Conventional Debt	8724440	2307392	8523452	Deutsche Bank & 2 more

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View details of OnDeck's funding rounds and investors

The founders of OnDeck is Mitch Jacobs.

Here are the details of OnDeck's key team members:

Mitch Jacobs: Founder of OnDeck.

View details of OnDeck's Founder profiles and Board Members

OnDeck's employee count trend

OnDeck has 449 employees as of May 26. Here is OnDeck's employee count trend over the years:

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Top competitors of OnDeck include Liftforward, Breakout Capital and BondIt. Here is the list of Top 10 competitors of OnDeck, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	OnDeck 2007, New York City (United States), Acquired	Online platform for business loans	$197M	Sapphire Ventures, Deutsche Bank & 21 others	74/100
2nd	Liftforward 2013, New York City (United States), Series B	Embedded finance solutions for brands, merchants, and lenders globally	$32.3M	IA Capital Group, Monroe Capital & 4 others	49/100
3rd	Breakout Capital 2015, Washington, DC (United States), Acquired	Tailored financing solutions empowering small businesses to achieve progress and growth	$5.35M	Medalist Partners	47/100
4th	BondIt 2014, Beverly Hills (United States), Series A	Global leader in entertainment financing for film, TV, music	-	Accord Financial, Revere Capital & 1 others	44/100
5th	QuarterSpot 2011, Wayne (United States), Series A	Unsecured term loans for small businesses.	$15.6M	Patriot Financial Partners, Magnolia Ventures ... & 2 others	44/100
6th	SmartBiz Loans 2013, San Francisco (United States), Seed	Alternative lending platform that provides SBA loans for businesses.	$490K	Venrock, Catapult & 5 others	43/100
7th	The Credit Junction 2013, New York City (United States), Deadpooled	Offers working capital financing to SMEs	$29.6M	Century Equity Partners, GLI Finance & 3 others	43/100
8th	Able Lending 2011, Austin (United States), Series B	Online platform for business term loans	$15M	RPM Ventures, Floodgate & 18 others	42/100
9th	Kalamatacapitalgroup 2013, Bethesda (United States), Unfunded	Provider of financing and payment processing solutions for small and medium-sized businesses. It offers merchant cash advances and other financial products to help businesses grow. Additionally, it provides payment processing and omnichannel solutions for both brick-and-mortar and e-commerce businesses. The company also develops software for reporting and tracking, offering data analytics to its clients. These services aim to streamline financial operations and facilitate business expansion.	-	-	41/100
10th	Bond Street 2013, New York City (United States), Series A	Developer of alternative lending for small businesses through term loans	$11.5M	Spark Capital, Founder Collective & 8 others	40/100

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OnDeck has made 6 investments in companies including Mykare Health and Puzzle. OnDeck has also acquired 1 companies including Evolocity.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 15, 2023	Investments	Mykare Health	2021	Wilmington (United States)
Feb 16, 2023	Investments	Puzzle	2019	San Francisco (United States)
Mar 01, 2022	Investments	MyPlace	2019	New York City (United States)