OnDeck Capital is an American small business lending company with offices in Chicago, IL; New York, NY; Denver, CO, and South Jordan, UT.[1] OnDeck provides its loans exclusively online and uses proprietary software to aggregate data about a business’ operations, which is processed by an algorithm that determines loan eligibility.[2][3]
History
Mitch Jacobs[4] founded OnDeck in 2006 and headquartered the company in New York City.[5] Jacobs sought funding from venture capital companies, with early investors including First Round Capital, Khosla Ventures, Village Ventures, Contour Venture Partners,