Enova International
Enova International, founded in 2003 and headquartered in Chicago, IL, operates in the financial technology industry providing online financial services and has funded over $55 billion to more than 10 million customers.
Company Overview
Enova International, founded in 2003, is a prominent player in the financial technology industry. Headquartered in Chicago, IL, Enova International provides online financial services utilizing innovative technologies. The company operates prominently in both the United States and Brazil, employing over 1,500 individuals. Enova is renowned for its use of advanced machine learning-enabled analytics through its Colossus™ platform. As of now, Enova International has funded over $55 billion to more than 10 million customers.
Financial Products and Services
Enova International offers a wide range of consumer and business financial solutions designed to meet various customer needs. These products include personal loans, business loans, and lines of credit. The company operates several well-known brands such as CashNetUSA, NetCredit, OnDeck, The Business Backer, Headway Capital, and Simplic. Enova also extends its services internationally, offering money transfer services through Pangea to 40 countries, with a focus on Latin America and Asia.
Technological Innovation
Enova International leverages cutting-edge technologies to enhance its financial services. The company’s Colossus™ platform employs machine learning-enabled analytics to process and analyze large datasets, ensuring efficient and reliable service delivery. This technological prowess allows Enova to make informed decisions, optimize operations, and better serve its customers in the financial technology sphere.
Global and Industry Affiliations
Enova International is actively engaged in industry associations, reflecting its commitment to maintaining high standards and ethical practices. In the United States, it is a member of the Online Lenders Alliance (OLA) and the Innovative Lending Platform Association (ILPA). Moreover, in Brazil, Enova is part of the Associação Brasileira de Crédito Digital (ABCD). These affiliations help Enova adhere to best practices and stay connected with industry developments on a global scale.
Stock Market Information
Enova International is publicly traded on the New York Stock Exchange under the ticker symbol ENVA. This listing underscores the company's established presence and reliability in the financial technology market. Investors can track Enova's performance through its publicly available financial reports and stock updates.