Welcome!

Agile Computing Authors: Mehdi Daoudi, Liz McMillan, Pat Romanski, Elizabeth White, Zakia Bouachraoui

News Feed Item

OnDeck Ranks On The Prestigious 2014 Inc. 500|5000 List For 3rd Year In A Row

Inc. Magazine Unveils its Annual Exclusive List of America's Fastest-Growing Private Companies

NEW YORK, Aug. 22, 2014 /PRNewswire/ -- OnDeck (www.ondeck.com), the technology-powered Main Street lender, announced today that it was named to the 2014 Inc. 500|5000 list for the third year in a row. The Inc. 500|5000 list represents the fastest-growing private companies in the U.S.

OnDeck Logo.

"Earning another spot on the Inc. 500|5000 list is an honor and further underscores the importance of our mission to make capital access more efficient for small businesses nationwide," said Noah Breslow, chief executive officer, OnDeck. "It's been an exciting few years for the company and we owe this recognition to both our dedicated team and our customers."

OnDeck has helped to transform the broken lending system and create a movement of making alternative lending mainstream in the United States. The company's proprietary technology, the OnDeck Score, leverages big data to evaluate the creditworthiness of a small business, making the borrowing process simple, fast and transparent.

OnDeck has achieved several major accomplishments so far this year, including:

  • Crossing the $1 billion mark in capital deployed to date
  • Releasing the Economic Impact Study, which found that OnDeck's $1 billion deployed has created $3.4 billion in economic output and 22,000 jobs
  • Launching Term24, the first-of-its kind product on the market to better serve the increasing needs of established small businesses
  • Securing $77 million in funding led by Tiger Global
  • Entering into the securitization market
  • Making the Forbes' 100 List of America's Most Promising Companies for the second year in a row
  • Ranking #18 on Selling Power's 2014 50 Best Companies to Sell For

The average company on the Inc. 500|5000 list achieved a three-year growth of 516%. The aggregated revenue is $211 billion, generating 505,000 jobs over the past three years.

"What surprises me, even though I know it's coming, is the sheer variety of the paths our entrepreneurs take to success, thematically reflecting how our economy has evolved," says Inc. president and editor-in-chief Eric Schurenberg. "This year there are far more social media and far fewer computer hardware businesses than there were, say, six years ago. But what doesn't change is the fearsome creativity unleashed by American entrepreneurship."

OnDeck's Inc. 500|5000 listing can be found at www.inc.com/profile/ondeck.

About OnDeck

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 underserved 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 more than $1 billion in capital to tens of thousands of businesses across approximately 700 different industries. The company was recently named #11 on Forbes' 100 Most Promising Companies in America list and was listed on the Inc. 500/5000 for a third year in a row. OnDeck also has earned an A+ rating with the Better Business Bureau. The company is financed by some of the nation's leading venture capital firms, including Google Ventures, SAP Ventures, RRE Ventures, Institutional Venture Partners and Tiger Global.

For more information, please visit: www.ondeck.com. Follow OnDeck on Twitter @OnDeckCapital.

Media Contact:
Jonathan Cutler/Melissa Barto
JCUTLER media group
[email protected]   [email protected]

Logo - http://photos.prnewswire.com/prnh/20130213/LA59048LOGO

SOURCE OnDeck

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settl...
@CloudEXPO and @ExpoDX, two of the most influential technology events in the world, have hosted hundreds of sponsors and exhibitors since our launch 10 years ago. @CloudEXPO and @ExpoDX New York and Silicon Valley provide a full year of face-to-face marketing opportunities for your company. Each sponsorship and exhibit package comes with pre and post-show marketing programs. By sponsoring and exhibiting in New York and Silicon Valley, you reach a full complement of decision makers and buyers in ...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessio...
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
LogRocket helps product teams develop better experiences for users by recording videos of user sessions with logs and network data. It identifies UX problems and reveals the root cause of every bug. LogRocket presents impactful errors on a website, and how to reproduce it. With LogRocket, users can replay problems.
Data Theorem is a leading provider of modern application security. Its core mission is to analyze and secure any modern application anytime, anywhere. The Data Theorem Analyzer Engine continuously scans APIs and mobile applications in search of security flaws and data privacy gaps. Data Theorem products help organizations build safer applications that maximize data security and brand protection. The company has detected more than 300 million application eavesdropping incidents and currently secu...