About Enova
Enova is a company based in Chicago (United States) founded in 2003.. The company has 1,790 employees as of December 31, 2024. Enova has completed 4 acquisitions, including Business Backer, Grasshopper Bank and OnDeck. Enova offers products and services including Colossus Platform, CashNetUSA, and NetCredit. Enova operates in a competitive market with competitors including Figure, Fundbox, eCapital, Zippi and Hello Alice, among others.
- Headquarter Chicago, United States
- Employees 1790 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Enova International, Inc.
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Annual Revenue
$2.66 B25.51as on Dec 31, 2024
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Net Profit
$209.45 M19.6as on Dec 31, 2024
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EBITDA
$624.97 M35.78as on Dec 31, 2024
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Latest Funding Round
$375 M (USD), Debt – Conventional
Sep 10, 2018
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Investors
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Employee Count
1790
as on Dec 31, 2024
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Investments & Acquisitions
Business Backer
& 3 more
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IPO & Listings of Enova
Enova is a publicly listed company on the NYSE with ticker symbol ENVA in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Enova
Enova offers a comprehensive portfolio of products and services, including Colossus Platform, CashNetUSA, and NetCredit. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Machine learning platform for providing financial credit analytics
Online platform for consumer credit and loans
Digital service for personal loans to individuals
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Software Development Team
155 people
Data Analysis and Operations Team
41 people
Operations Team
27 people
Product Management Team
27 people
Legal and Compliance
20 people
Sales and Marketing
19 people
Senior Team
14 people
Leadership Team
12 people
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Funding Insights of Enova
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $375.0M
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First Round
First Round
(01 Sep 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2018 | Amount | Debt – Conventional - Enova | Valuation |
investors |
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| Sep, 2017 | Amount | Debt – Conventional - Enova | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Enova
Enova has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Business Backer, Grasshopper Bank and OnDeck. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Commercial banking services are offered via an online platform.
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2016 | ||||
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Money transfer through banking channels
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2012 | ||||
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Multiple credit solutions are provided to small and medium businesses.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Enova
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Enova Comparisons
Competitors of Enova
Enova operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Figure, Fundbox, eCapital, Zippi and Hello Alice, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Figure is recognized as a leading non-bank HELOC lender in the U.S.
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| domain | founded_year | HQ Location |
Business loans are facilitated via an AI-driven platform.
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| domain | founded_year | HQ Location |
Provider of asset-based, supply chain, and invoice financing solutions
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| domain | founded_year | HQ Location |
Online personal loans platform is provided for ride-sharing drivers.
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| domain | founded_year | HQ Location |
Online networking platform for businesses to launch and grow
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| domain | founded_year | HQ Location |
Online lending platform for business loans
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Enova
Frequently Asked Questions about Enova
When was Enova founded?
Enova was founded in 2003 and raised its 1st funding round 14 years after it was founded.
Where is Enova located?
Enova is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
How many employees does Enova have?
As of Dec 31, 2024, the latest employee count at Enova is 1,790.
What is the annual revenue of Enova?
Annual revenue of Enova is $2.66B as on Dec 31, 2024.
What does Enova do?
Founded in 2003 in Chicago, United States, operations focus on online financial services within the lending sector. A portfolio of businesses is managed to deliver credit products and services to alternative credit consumers. Proprietary technology and analytics are employed to assess, underwrite, and finance loans. Expertise is applied in consumer lending, small business lending, and analytics-as-a-service, supporting digital credit access across the U.S.
What products or services does Enova offer?
Enova offers Colossus Platform, CashNetUSA, and NetCredit.
Is Enova publicly traded?
Yes, Enova is publicly traded on NYSE under the ticker symbol ENVA.
How many acquisitions has Enova made?
Enova has made 4 acquisitions, including Business Backer, Grasshopper Bank, and OnDeck.
What is Enova's ticker symbol?
The ticker symbol of Enova is ENVA on NYSE.