On Deck Bolsters Leadership Team With Appointment of Two New Senior Vice Presidents

NEW YORK, July 14, 2011 /PRNewswire/ -- On Deck (www.ondeckcapital.com), the technology platform that connects Main Street directly to capital, today announced the appointments of Paul Rosen as Senior Vice President of Sales and James Hobson as Senior Vice President of Strategic Partnerships and Platform Solutions.

"We are excited to have both Paul and James join the On Deck team," said Brad Kime, president, On Deck. "Both have proven track records in high-growth companies, and as On Deck continues to experience tremendous growth, they will play critical roles in our success. Paul will lead the On Deck sales team as we grow our sales and distribution, and James will play a key role in making the On Deck technology platform available to financial institutions and other organizations interested in serving the Main Street market."

Paul Rosen joins On Deck at a time of unprecedented growth for the company. On Deck has achieved critical milestones in 2011, reaching 500 distribution partners and surpassing $140 million delivered to small businesses nationwide "I am excited to be joining a company that is solving such a critical problem facing small businesses in this country and that has such clear momentum behind them," said Paul Rosen. "I look forward to leading the On Deck sales team through a period of rapid growth."

Paul brings over 20 years of experience in managing sales organizations to On Deck. Most recently, he served as Vice President of Sales and Marketing for Ovation Payroll. In this role, Paul grew the company from 200 customers to over 8,000 – landing the company in the Inc. 5,000 three years in a row. Paul has held various senior management positions including serving as Founder & President of Employer Service Corporation, an outsourced payroll service bureau that was acquired by Advantage Payroll in 2000, and Director of Sales at Integrated Telemanagement. Paul holds an undergraduate degree from Illinois State University and an MBA from the University of Chicago.

In May, On Deck launched the On Deck score, the first-ever credit score for Main Street businesses. Validated by Equifax, the On Deck Score allows commercial institutions to evaluate and segment the small business market in a new and unique way. "I was attracted to On Deck by a combination of their advanced technology platform and its power to solve a critical problem facing financial institutions in the US – the efficient delivery of capital to Main Street businesses," said James Hobson. "I look forward to working with key strategic partners to expand the distribution of the powerful On Deck platform."

James brings over 15 years of senior business and technology leadership to the On Deck team. Most recently, Hobson served as Senior Vice President, Technology Operations for iQor, Inc., a leading private-equity backed global business process outsourcing company. At iQor he helped build a platform for commercializing iQor's proprietary suite of business applications and provided day-to-day leadership for a global technology team. Before leading the technology team, James built and ran iQor's financial infrastructure team, which drove efficiencies and cost reductions across iQor's global operations. Prior to joining iQor, he co-founded BuyYourFriendADrink.com, which was acquired by LivingSocial in 2009. Previously, he served in a number of leadership roles across various industries, including consulting, telecommunications, and financial services. James holds a BA in economics from Hamilton College and an MBA from Harvard Business School, where he was selected as a Baker Scholar.

About On Deck

Launched in 2006, On Deck Capital 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 Capital 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 On Deck system also provides a critically needed mechanism for commercial institutions to efficiently reach and serve the historically underserved Main Street small businesses market.

On Deck Capital is financed by some of the nation's leading venture capital firms, including SAP Ventures, Contour Venture Partners, First Round Capital, Khosla Ventures, RRE Ventures and Village Ventures. For more information, please visit: www.ondeckcapital.com.

SOURCE On Deck