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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
enova.com
LinkedIn
Company page

Recent activity at Enova International

  • : 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.
  • : SEC 8-K (1.01): On September 17, 2026, Enova International, Inc. through its subsidiary HWC Receivables 2023, LLC, entered into an Omnibus Amendment to amend its existing HWCR 2023 Securitization Facility. This agreement involves key parties including Headway Capital, LLC, Vervent Inc., Deutsche Bank Trust Company Americas, and Atlas Securitized Products Administration, L.P. The amendment updates certain terms including adjusted SOFR rates on the Class A and Class B Revolving Loans, enhancing the funding structure for the company. This strategic move is aimed at improving liquidity as part of Enova's ongoing financing strategy.
  • : SEC 8-K (7.01):
  • : SEC 8-K (7.01): On September 14, 2026, Enova International, Inc. announced the withdrawal of its applications with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System related to the proposed acquisition of Grasshopper Bancorp, Inc. This decision marks a significant shift in Enova's strategic direction as it moves away from expanding its portfolio through this acquisition. No financial amounts are disclosed in the filing, but the decision potentially impacts Enova's market positioning and future growth prospects.
  • : SEC 8-K (7.01): Enova International, Inc. has announced a proposed private offering of $500,026,000 in aggregate principal amount of Series 2026-1 Fixed Rate Asset-Backed Notes. This offering aims to raise substantial capital for the company and reflects a strategic move in their financing plans. The filing is made in accordance with Regulation FD, indicating that the information shared is also intended for the public to ensure fair disclosure. The report is dated September 09, 2026, aligning with the recent event timeline and fulfills SEC requirements for timely reporting of such financial activities.
  • : SEC 8-K (1.01): On August 21, 2026, Enova International, Inc. entered into a material definitive agreement through its wholly-owned indirect subsidiary NetCredit Combined Receivables B, LLC. The issuer completed a securitization transaction, issuing $300,886,000 in aggregate principal notes, which includes $240,709,000 in Class A Notes, $44,341,000 in Class B Notes, and $15,836,000 in Class C Notes, backed by approximately $316.72 million of unsecured consumer installment loans as collateral. The proceeds from this transaction will be utilized to acquire these securitization receivables from its subsidiaries, establish a reserve account, and cover associated fees and expenses. This strategic move enhances the company's liquidity and financing capacity in the consumer loan market.
  • : SEC 8-K (1.01): On August 14, 2026, NetCredit LOC Receivables 2024, LLC, a wholly-owned indirect subsidiary of Enova International, Inc., entered into a Third Amendment to its Note Issuance and Purchase Agreement, increasing the revolving commitment from $200 million to $300 million and extending the maturity date to February 21, 2030. This amendment also reduced the borrowing rate from SOFR + 5.50% to SOFR + 5.00%. The agreement involves key parties including Midtown Madison Management LLC, Citibank, N.A., and various note purchasers. This strategic amendment positions the Company to have improved cash flow and financing options, reflecting positive growth and flexibility in its operations.
  • : Enova to acquire Grasshopper Bank for expansion

Leadership

  • Jeff Bagnall, Senior Director of Technology
  • Jim Granat, President of Enova
  • Jim Granat, President of Small Business Lending and Svp
  • 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 3 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.

Enova International in the news

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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 Oct 16, 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

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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