(b) On October 18, 2017, Mr. James A. Rosenthal notified On Deck Capital, Inc. (the “Company”) of his decision to resign, effective October 31, 2017, from the Company’s Board of Directors the (“Board”) in order to focus on his role as Chief Executive Officer of BlueteamGlobal, a cybersecurity services firm that he recently co-founded. Mr. Rosenthal’s departure from the Board was not the result of any disagreements with the Company.

About On Deck Capital, Inc. (NYSE:ONDK)

On Deck Capital, Inc. offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds. It offers a financing solution for small businesses, including short-term loans of over 10 months and long-term loans of over 40 months, and lines of credit. The Company’s integrated platform includes the Company’s Website, which allows small businesses to apply for a loan, round the clock; data and analytics engine, which analyzes data attributes from disparate sources to assess the real-time creditworthiness of a small business; the technology, which offers funding of loans, and daily and weekly collections, and ongoing servicing system.