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Enova International

Chicago, Illinois, United States · Banking, Finance, Financial Services

Enova International is a leading financial services company with powerful online lending that serves small businesses and consumers who are underserved by traditional banks.

Key facts

Headquarters
Chicago, Illinois, United States
Employees
1,381
Industries
Banking, Finance, Financial Services
Status
Public (ENVA)
Website
www.enova.com
LinkedIn
Company page

Recent activity at Enova International

  • : SEC 8-K (1.01): On November 13, 2026, OnDeck Asset Securitization IV, LLC, a subsidiary of Enova International, Inc., entered into a material definitive agreement by issuing $500,251,000 of Fixed Rate Asset Backed Notes as part of the Series 2026-2 Transaction. This transaction involved the purchase of small business loans from ODK Capital, LLC, which will serve as collateral for the issued notes. The transaction encompasses a diverse class of notes rated by Kroll Bond Rating Agency with a total loan portfolio of approximately $527 million at the time of issuance, ensuring security for these instruments. The notes issued bear weighted average fixed interest rates ranging from 5.81% to 8.57%, with a final maturity extended to December 2033, promoting strategic financial leverage for Enova International, Inc.
  • : SEC 8-K (8.01): On November 10, 2026, Enova International, Inc. announced the authorization of a share repurchase program allowing the company to buy back up to $500 million of its outstanding common stock. This new program replaces the existing $400 million repurchase program and will remain active until June 30, 2028. The decision reflects the Board of Directors' confidence in the company's financial position and is expected to enhance shareholder value. A press release detailing this announcement is attached as Exhibit 99.1.
  • : SEC 8-K (7.01): On November 3, 2026, Enova International, Inc. announced a Regulation FD Disclosure regarding a planned private securitization transaction by its subsidiary, OnDeck Asset Securitization IV, LLC, which intends to offer $500,251,000 in Series 2026-2 Fixed Rate Asset-Backed Notes. The transaction involves the issuance of the notes backed by small business loans from ODK Capital, LLC. The closing of this offering is expected to occur on or about November 13, 2026, subject to customary closing conditions, and the notes will not be registered under the Securities Act. The proceeds will primarily be used to purchase small business loans from OnDeck and fund a reserve account, with OnDeck serving as the loan servicer. This transaction is significant as it reflects Enova's strategy in managing its capital and assets within the market environment.
  • : SEC 8-K (8.01): On November 5, 2026, Enova International, Inc. priced a private offering of $600 million senior notes due 2031 at a price of 100.000% of the principal amount, with an interest rate of 8.750% per annum. The offering is intended to close on November 20, 2026, and involves the Company’s subsidiaries providing guarantees on a senior unsecured basis. The net proceeds will be used to redeem the Company’s existing 11.25% senior notes due 2028 by December 15, 2026, subject to the successful completion of this offering. This filing is for informational purposes and does not constitute an offer to sell the Notes or any securities.
  • : SEC 8-K (8.01): On November 4, 2026, Enova International, Inc. announced a proposed offering of senior notes amounting to up to $600 million due in 2031. Concurrently, the Company issued a Notice of Conditional Full Redemption for its outstanding 11.25% Senior Notes due 2028, which totals approximately $400 million. The redemption is set for December 15, 2026, at a price of 102.813% of the principal amount, plus accrued interest. However, the Redemption is contingent upon the Company securing necessary financing proceeds before the Redemption Date, or it may be delayed or rescinded based on conditions not being met. This filing serves to inform investors and should not be interpreted as a formal redemption notice.
  • : SEC 8-K (7.01):
  • : SEC 8-K (1.01): On October 30, 2026, Enova International, Inc. and its subsidiaries entered into the Fourth Amendment to their existing secured asset-backed revolving credit facility with Bank of Montreal. This amendment increased the total commitment amount from $825,000,000 to $900,000,000, reflecting a significant increase in available credit for the company. The amendment is part of their efforts to enhance liquidity and financial flexibility. Full details regarding the amended agreement will be included in their upcoming Annual Report on Form 10-K for the year ending December 31, 2026.
  • : SEC 8-K (1.01): On October 16, 2026, Enova International, Inc. and Grasshopper Bancorp, Inc. mutually terminated their previously established Merger Agreement through a Mutual Termination Agreement. This termination follows the plan initiated on December 10, 2025, for Grasshopper to merge with Enova. Under the terms of the Termination Agreement, Enova made a cash payment of $4,000,000 to Grasshopper, and neither party will incur additional fees or liabilities related to the original Merger Agreement. This decision potentially alters the strategic direction for both companies, as they abandon the merger on the effective date of October 16, 2026.
  • : SEC 8-K (1.01): On October 13, 2026, NetCredit Receivables 2022, LLC, a wholly-owned indirect subsidiary of Enova International, Inc., entered into a Fourth Amendment to the Note Issuance and Purchase Agreement originally dated October 21, 2022. This amendment involved Jefferies Funding LLC as the administrative agent and initial note purchaser, along with Citibank, N.A. as collateral agent. The commitment amount under the amended agreement is $200,000,000 with a borrowing rate of SOFR + 4.00%. The revolving period will terminate on October 15, 2028, and the maturity date is set for October 15, 2030. This amendment enhances the financial flexibility of Enova International and may have strategic implications for their capital structure and funding strategy.
  • : SEC 8-K (1.01): On September 25, 2026, Enova International, Inc. entered into a Material Definitive Agreement through its subsidiary OnDeck Asset Securitization IV, LLC, issuing $500,026,000 of Fixed Rate Asset Backed Notes in a securitization transaction referred to as the Series 2026-1 Transaction. The proceeds from this transaction were utilized to purchase small business loans from ODK Capital, LLC, another subsidiary of Enova. This transaction leverages the company’s asset-backed financing strategy, aiming to enhance liquidity by pledging the purchased loans as collateral for the issued notes. The timing of this transaction is crucial as it aligns with Enova's ongoing strategy to optimize its funding structure while supporting small business lending initiatives.

Leadership

  • Jeff Bagnall, Senior Director of Technology
  • Jim Granat, President of Enova
  • Gabriela Kieta, Recruiting Coordinator
  • Dhruvi Bhagat, Product Manager
  • Robert Sancrainte, Product Manager
  • Joe Decosmo, Chief Analytics and Technology Officer
  • Anthony Modreck, Executive Strategic Partnerships Account Manager
  • Michael Johnson, Netcredit Customer Service Section Manager Iii
  • Kenwan Cheung, Analytics / Data Science Manager
  • Jim Lee, CAO/Controller
  • Callie Lowe, Strategy Manager

Verified email and direct lines for Enova International’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.

Employee benefit plans

Enova International files 2 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.

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About Enova International: questions and answers

What does Enova International do?

Enova International is a leading financial services company with powerful online lending that serves small businesses and consumers who are underserved by traditional banks.

Where is Enova International headquartered?

Enova International is headquartered in Chicago, Illinois, United States.

How many employees does Enova International have?

Enova International has about 1,381 employees.

Who leads Enova International?

Jim Granat is a President of Enova at Enova International.

What is the latest news on Enova International?

On Nov 13, 2026, SEC 8-K (1.01): On November 13, 2026, OnDeck Asset Securitization IV, LLC, a subsidiary of Enova International, Inc., entered into a material definitive agreement by issuing $500,251,000 of Fixed Rate Asset Backed Notes as part of the Series 2026-2 Transaction. This transaction involved the purchase

Is Enova International a public company?

Yes. Enova International is publicly traded under the ticker ENVA.

Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy

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