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.