OnDeck Appoints Gagan Kanjlia to Lead Product Group

Former Capital One Executive Joins Largest Online Small Business Lender

NEW YORK, August 11, 2016 – OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced the appointment of Gagan Kanjlia as Senior Vice President of Product. In the new role, Kanjlia will lead product design and channel management and oversee strategic business initiatives as OnDeck continues its focus on providing small businesses a complete credit solution, delivered simply online, with outstanding customer service.

Kanjlia joins OnDeck from Capital One, where he co-founded the Capital One Garage, a corporate internal incubator for Capital One Financial Services, ran digital product efforts for the Auto Finance and Home Loans divisions and built out the digital product practice for Capital One Financial Services. With 20 years of product, marketing, and engineering experience, Kanjlia has launched national scale platforms and products in the financial services industry, including the first savings product that earned airline miles, the mortgage industry’s first instantly-issued mobile prequalification and the country’s second largest digital-only bank.

“This newly created role on our senior management team reinforces our commitment to product and technology innovation as key drivers of our growth,” said Noah Breslow, CEO, OnDeck. “In addition to leading the product team to optimize our customer experience and existing credit offerings, Gagan will spearhead new initiatives that build upon OnDeck’s expertise in using new data, analytics, and technology to transform small business lending.”

“OnDeck has revolutionized small business lending through its technology, credit platform and deep understanding of small business,” said Kanjlia. “I am excited to join an organization that is so vested in helping small businesses grow and I look forward to taking OnDeck’s unique credit solution to the next level.”

Kanjlia will be based in New York and will report to Chief Operating Officer James Hobson.

About OnDeck

OnDeck® (NYSE: ONDK) is the leader in online small business lending. Since 2007, the Company has powered Main Street’s growth through advanced lending technology and a constant dedication to customer service. OnDeck’s proprietary credit scoring system – the OnDeck Score® – leverages advanced analytics, enabling OnDeck to make real-time lending decisions and deliver capital to small businesses in as little as 24 hours. OnDeck offers business owners a complete financing solution, including the online lending industry’s widest range of term loans and lines of credit. To date, the Company has deployed over $5 billion to more than 50,000 customers in 700 different industries across the United States, Canada and Australia. OnDeck has an A+ rating with the Better Business Bureau and operates the educational small business financing website www.businessloans.com. For more information, please visit www.ondeck.com.

Media Contact:

Miranda Eifler
meifler@ondeck.com
917-677-7112

Investor Contact:

Kathryn Harmon Miller
kmiller@ondeck.com
646-558-7860

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