Financial services and lending platform for small and medium businesses.
OnDeck provides a loan origination software platform to serve the more than five million U.S. small businesses that do not have access to traditional bank financing. OnDeck’s system combines transaction data sources, credit validation sources and banking infrastructure to obtain online visibility into merchant daily cash flow. The system is automated, highly scalable and best of breed in validating credit worthiness for this class of borrowers. Through the the Company's platform, millions of small businesses can obtain affordable loans to meet their daily operating and long term goals. OnDeck fills a gap for small businesses between traditional bank financing and the use of extraordinarily high priced alternatives.