OnDeck
- 🦄Became a unicorn2014
- 📈Peak valuation$1.3 Billion ’14
- 💔Became a Unitard2016
- 💸Last valuation~$117M
The rise & fall
7 moments · 2006–2021The key moments, with employee sentiment along the way.
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
OnDeck was a pioneer of online small-business lending, using data and algorithms to underwrite loans to merchants traditional banks overlooked, and its December 2014 IPO valued it around $1.3B with shares quickly trading above $20.
Credit losses, funding-cost pressures and skepticism about its model ground the stock down for years, and the pandemic's hit to small businesses was the final blow. In 2020 consumer-lender Enova acquired OnDeck for about $1.89 a share — roughly $90-122M, a fraction of its IPO value.
Source: Enova / Crowdfund Insider / SEC (Dec 2014 IPO valuing it ~$1.3B, shares traded above $20; Enova acquisition $1.89/share ~$90-122M, completed Oct 2020)
Founders & leadership
- Noah BreslowCEO who led OnDeck through its IPO/peak and into the 2020 Enova sale
- Mitch Jacobsfounder & CEO (founded it in New York in 2006; first loan made in 2007)
Current roles as self-reported on LinkedIn, retrieved 2026-08-20. See our methodology.
Disclosed investors (16)
Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.
* Lead in a funding round · Crunchbase ↗ · 2026-10-13 · Methodology · Leaderboard
