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Enova withdraws acquisition of Grasshopper Bancorp

PUBLIC · ENVASep 23, 2026about 2 hours ago

Acquiring Company

Enova International

Acquired Company

Grasshopper Bancorp

ChicagoNew YorkFinancial ServicesFinanceFintechLendingBankingOther Banking And Financial Services

Description

Enova International has withdrawn its applications to acquire Grasshopper Bancorp after failing to gain necessary federal approvals. The approximately $369 million acquisition announcement was made in December 2025 but faced challenges due to unclear regulatory standards. Following the withdrawal, Enova's stock price dropped significantly. The decision reflects the company's difficulty navigating the regulatory landscape required for acquiring a bank.

Company Information

Company

Enova International

Location

Chicago, Illinois, United States

About

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

Fundz sees it the moment Enova International makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Predictive Intelligence
Strategic

ML-powered predictions for Enova International's next move

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Grasshopper Bancorp?

Grasshopper Bancorp was acquired by Enova International, based in Chicago. The deal was reported on September 23, 2026. Enova International is a leading financial services company with powerful online lending that serves small businesses and consumers who are underserved by traditional banks. Enova International is publicly traded (ENVA) and operates in Financial Services.

When did Enova International acquire Grasshopper Bancorp?

Enova International's acquisition of Grasshopper Bancorp was reported on September 23, 2026. Enova International has withdrawn its applications to acquire Grasshopper Bancorp after failing to gain necessary federal approvals. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Grasshopper Bancorp do?

Grasshopper Bancorp is the company acquired in this transaction. It is privately held, operating in Other Banking And Financial Services, and is based in New York.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.