NEW YORK, Dec. 9, 2013 /PRNewswire/ -- OnDeck (www.ondeck.com), the technology-powered Main Street lender, announced today that is has been named one of the 'Best Places to Work' in New York City by Crain's New York Business. OnDeck ranked #26 out of the top 75 businesses represented.
The Crain's New York Business' Best Places to Work list serves as an annual spotlight that identifies and recognizes New York City's best employers. The recognition reflects OnDeck's commitment to workplace happiness and productivity, as well as its employees' passion for the company's mission to use technology to fix the broken lending system in the U.S. and meet the financial needs of small businesses nationwide.
"We're thrilled to be named to the prestigious Crain's Best Places to Work list, which highlights OnDeck's focus on creating a company culture that fosters creativity, learning, leadership and innovation," said Noah Breslow, chief executive officer, OnDeck. "Our employees feel a deep sense of engagement in our objective of helping small businesses grow and succeed."
OnDeck's industry leading technology is transforming the small business borrowing process to make it simple, fast and friction-free. Using big data, OnDeck's proprietary technology platform harnesses readily available digital information to determine the creditworthiness of small businesses. To date, OnDeck has delivered over $700 million to tens of thousands of businesses across 700 different industries.
Just this year alone, OnDeck has received various top industry accolades that include: Forbes' 100 List of America's Most Promising Companies; Inc.'s Hire Power Award; Selling Power magazine's Best Company to Sell For; Crain's New York Business 2013 Fast 50; and SmartCEO's Future 50. Headquartered in New York City, the company currently employs over 225 people nationwide with regional offices in Denver, Colorado and Arlington, Virginia. OnDeck is backed by some of the nation's leading venture capital firms, including Google Ventures and Institutional Venture Partners.
OnDeck is focused on cultivating a workplace that promotes an open exchange of information, employee learning opportunities and career growth. Recipients of the 2013 "Best Places to Work in New York City" were selected based on the results of a weighted survey of both employees and employers conducted by Crain's New York Business in partnership with Best Companies Group. This is the sixth consecutive year Crain's has conducted this research to determine the most desirable companies to work for in New York City.
Launched in 2007, OnDeck 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 OnDeck 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 OnDeck system also provides a critically needed mechanism for financial institutions and other business service providers to efficiently reach the Main Street small business market.
OnDeck has deployed over $700 million in capital to tens of thousands of businesses across 700 different industries. The company is growing at greater than 100 percent annually, and was recently named to Forbes' 100 Most Promising Companies in America list and the Inc. 500/5000 for a second year in a row. The company also has earned an A+ rating with the Better Business Bureau. OnDeck is financed by some of the nation's leading venture capital firms, including Google Ventures, SAP Ventures, RRE Ventures and Institutional Venture Partners.