Search Results for "Enova International"
3 results for "Enova International"
Deals 2
Enova to Acquire Sponsor Bank Grasshopper for $369 Million
Enova International announced a definitive agreement to acquire Grasshopper Bancorp, a BaaS sponsor bank, for approximately $369 million in cash and stock. Grasshopper supports fintechs like Pocketbook, Manifest, and Sydecar through API-driven banking platforms. The deal creates a vertically integrated fintech-bank hybrid combining Enova's online lending with Grasshopper's digital banking and deposit base.
Enova International Acquires OnDeck in $90M Fintech Lending Deal
Enova International announced the acquisition of OnDeck, a fintech small business lender, in a $90 million cash-and-stock deal. The acquisition includes OnDeck's ODX bank platform, which enables banks to offer digital small business lending. This combination creates a leading fintech company serving both consumers and small businesses in markets underserved by traditional banks.