On Deck Selected As An AlwaysOn Global 250 Winner Leading Small Business Lending Platform Recognized for Creating Technology that Disrupts Existing Markets
NEW YORK, July 9, 2013 /PRNewswire/ -- On Deck (www.ondeckcapital.com), the technology-powered Main Street lender, announced today its selection by AlwaysOn, the leading business media brand that connects and informs the entrepreneurial community, as one of the AlwaysOn Global 250 winners.
Published annually, the AlwaysOn Global 250 honors private technology companies that demonstrate leadership among peers and are likely to disrupt existing markets. On Deck was selected by the AlwaysOn editorial team and industry experts based on five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz. The full list of winners can be found at: http://aonetwork.com/Announcing-the-2013-AlwaysOn-Global-250-Top-Private-Companies/.
"We're excited that our company, which develops innovative solutions for delivering capital to small businesses nationwide, has been included in the AlwaysOn Global 250," said Noah Breslow, chief executive officer, On Deck. "We're dedicated to removing friction from the borrowing process and making capital on demand a reality for business owners."
On Deck has continued to receive top industry honors and accolades for its technology innovation. 2012 saw the company break into the prestigious Inc. 500 list of The Fastest-Growing Companies in America and On Deck was recently named to Forbes' 100 List of America's Most Promising Companies.
The company's platform leverages big data to better identify the credit worthiness of small businesses, and has made the process exponentially faster, easier, and more transparent for the business owner. To date, On Deck has deployed over $500M to tens of thousands of businesses nationwide.
On Deck will be honored at AlwaysOn's 11th annual Innovation Summit on July 23, 2013. To learn more about On Deck, please visit http://www.ondeckcapital.com.
About On Deck
Launched in 2007, On Deck 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 On Deck 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 On Deck system also provides a critically needed mechanism for financial institutions and other business service providers to efficiently reach the Main Street small business market.
On Deck has deployed over $500 million in capital to tens of thousands of businesses in 700 different industries. The company is growing at greater than 100% annually, and was recently named to Forbes' 100 Most Promising Companies in America list and the Inc. 500. On Deck is financed by some of the nation's leading venture capital firms, including Google Ventures, SAP Ventures, RRE Ventures, and Institutional Venture Partners.
AlwaysOn is the leading business media brand connecting and informing the entrepreneurial community in the Global Silicon Valley. Founded by Red Herring founding editor, Tony Perkins in 2003, AlwaysOn's mission is to continue to lead the industry by empowering its readers, event participants, sponsors, bloggers, and advertisers like no other media brand.
SOURCE On Deck