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On Deck Capital, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 7, 2020. Its latest SEC filing is a SC 13G/A from Feb 16, 2021.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Lends to small businesses through term loans, lines of credit and equipment financing, and provides lending technology and services to banks.

How Did They Make Money?

Small businesses pay interest and origination fees on loans over the loan term; OnDeck also earns fees from its bank lending platform and other services.

revenue

Who Were Their Customers?

Small businesses apply online or through direct marketing, strategic partners and funding advisors. Bank clients use OnDeck’s technology and services to make online small-business loans.

Did Revenues Turn Into Profits?

Yes. It kept 7 cents of every revenue dollar as net income in .

Net income,
7% of revenue
▲ +3% vs ($27M, 7%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q2 FY2020, the three months to Jun 30, 2020
Revenue
▼ −26%
vs $105.6M in Q2 FY2019
Net income
▼ −49%
vs $4.3M in Q2 FY2019
  • Oct 13, 2020 Enova completed its acquisition of OnDeck OnDeck became an indirect wholly owned subsidiary of Enova in a merger.

Grew. Revenue grew 68% in 4 years, from $254.8M in to $428.4M in , about 14% a year.

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