Presenter Profile
How they describe themselves: On Deck uses data aggregation and electronic payment technology to evaluate the financial health of small businesses and to efficiently deliver capital to a market underserved by traditional bank loans. Through the On Deck platform, millions of small businesses can obtain affordable loans to meet their daily operating and long-term goals. The company’s proprietary platform looks deeper into the health of small businesses, focusing on the overall business performance, rather than the owner’s personal credit history. The platform also provides a critically needed mechanism for commercial institutions to efficiently reach and serve the historically underserved Main Street market.
How they describe their product/innovation: On Deck’s technology is now available to third parties who want to leverage their own capital to reach small businesses. Third parties can connect their capital to the On Deck Platform to underwrite and service small business loans. Our technology will also harness small businesses’ digital information – such as online banking and cash flow information – in order to calibrate an appropriate loan amount. With our technology, these organizations will be able to vastly increase the number of small businesses they are able to service, while significantly decreasing the time required of small business owners to obtain capital.
Key Executives: Brad Kime (President), Noah Breslow (COO), Howard Katzenberg (VP Finance & Corporate Development), Jorge Sun (Senior Credit Officer), Paul Rosen (SVP Sales), James Hobson (SVP Strategic Partnerships & Platform Solutions)
Key Board Members: Mitch Jacobs (Founder, On Deck Capital), Matt Harris (Managing Director, Bain Capital Ventures), James Robinson III (General Partner, RRE Ventures; Former Chairman, CEO, American Express), David Hartwig (Managing Director, SAP Ventures), Neil Wolfson (President, SF Capital Group)
Key Investors: SAP Ventures (www.sapventures.com), RRE Ventures (www.rre.com), Village Ventures (www.villageventures.com), Khosla Ventures (www.khoslaventures.com), Contour Venture Partners (www.contourventures.com), First Round Capital (www.firstround.com)
Key Partnerships: US Bank, National Small Business Association, Lendio
Key Customers: On Deck provides small business loans to Main Street businesses, such as restaurants, retailers, and other service providers.
Contacts:
Bus. Dev.: James Hobson, SVP Strategic Partnerships & Platform Solutions, jhobson@ondeckcapital.com, 646-405-5933
Press: Jonathan Cutler, JCUTLER media group, jc@jcutlermedia.com, 323-969-9904
Sales: Charles Deutsch, Platform Solutions, cdeutsch@ondeckcapital.com, 917-677-7073
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