Enova International, Inc.

Overview

Enova International, Inc. is a financial technology company focused on online consumer lending and small-business financing. Its products include consumer installment loans and lines of credit, small-business loans and financing, and international money transfers through Pangea. Its brands include CashNetUSA, NetCredit, OnDeck, Headway Capital and Pangea. The company describes its mission as “helping hardworking people get access to trustworthy credit.” [1]+4

Products & services

Enova offers consumer installment loans and revolving lines of credit through brands including CashNetUSA and NetCredit. Its installment loans are generally $300–$10,000, with terms of 3–60 months, regular amortizing payments and no prepayment penalty. Consumer lines of credit are unsecured, with customer-selected draws generally ranging from $100 to $7,000; repayment may be in full or through minimum payments, and fees and charges vary by product and state.[5]+2

For small businesses, Enova offers lines of credit through brands including OnDeck and Headway Capital, as well as term loans through OnDeck. The filing describes small-business credit lines of $5,000–$200,000, generally with 12–24-month terms, regular amortizing payments and fixed interest on the outstanding balance.[8]+2 In Texas, Enova also provides a Credit Services Organization service that arranges third-party consumer installment loans, assists with applications and documents, and guarantees repayment to the lender; the service applies to loans with terms of up to six months.[11]

In the first half of 2026, consumer loans and receivables accounted for 51.2% of total revenue and small-business loans and receivables for 47.5%.[12] At the end of Q2 2026, average consumer receivables comprised 37.7% installment loans and 62.3% lines of credit; small-business average receivables comprised 45.5% installment loans and 54.5% lines of credit.[13][14] [5]+15

Geographic presence

As of June 30, 2026, Enova offered or arranged consumer loans or credit-line draws in 38 U.S. states and Brazil, and small-business financing in 49 states and Washington, D.C.[15] Its 2025 Form 10-K described services across all 50 states and Washington, D.C.; product-specific disclosures listed consumer installment loans in 37 states and small-business lines of credit in 49 states and Washington, D.C.[3]+2

For 2025, the company reported 97.5% of revenue from the United States and 2.4% from Brazil; the corresponding 2024 figures were 98.0% and 1.9%.[3] The Q2 2026 filing reports one operating segment and does not provide a newer geographic revenue split.[18]

The 2025 Form 10-K lists Chicago, Illinois, as headquarters and leased offices in South Jordan, Utah; New York, New York; Denver, Colorado; and São Paulo, Brazil; it states that Enova owns no real property.[19] The company’s website also lists a presence in Cincinnati, Denver, New York, and São Paulo, with headquarters in Chicago.[20]

At year-end 2025, Enova had 1,836 employees, including 1,794 in the United States; the remainder were in Mexico and Brazil, with no country-level breakdown provided.[21] Its Pangea brand provides money transfers from the United States to Mexico, other Latin American countries, and Asia.[22] [15]+8

Business segments

Enova International reports one operating and reportable segment, rather than separate consumer and small-business segments. Its business focuses on online credit and financing for non-prime consumers and small businesses, including installment loans and lines of credit; the company’s operations include the U.S. and Brazil.[18][15] The consumer and small-business figures below are product-revenue categories, not separately reported segments.

In FY2025, consumer loans and receivables generated approximately 55.5% of revenue ($1,748.1 million), while small-business loans and receivables contributed about 43.2% ($1,362.2 million); other revenue was about 1.3% ($41.4 million).[23] For the six months ended June 30, 2026, the mix was approximately 51.2% consumer ($923.2 million), 47.5% small business ($856.8 million), and 1.3% other ($24.1 million).[12] Enova does not report separate operating income by these product categories; its segment reporting is consolidated. [18]+10

Company history

Enova traces its origins to Check Giant, founded by two brothers in 2004 and renamed CashNetUSA later that year. Cash America acquired CashNetUSA in 2006; the business became Enova in 2011, when Enova International, Inc. was formed. The company launched its NetCredit installment-loan brand in 2012.[25][26]

On November 13, 2014, Cash America completed the spin-off of Enova, which began trading independently on the New York Stock Exchange as ENVA. Enova expanded into small-business lending by completing its acquisition of OnDeck in October 2020, followed in March 2021 by its acquisition of Pangea Universal Holdings, a mobile international money-transfer platform.[27]+4

David Fisher joined Enova as CEO in 2013 and became Executive Chairman on January 1, 2026, when Steve Cunningham succeeded him as CEO.[32][33] [26]+8

Sources

• Enova International, Inc. — Full financial report (2025 Y)
  13 citations

  [1][2][3][16][17][19][21][22][23][24][26][29][32]
• www.enova.com[4]
• Enova International, Inc. — Full financial report (2026 Q 2)
  9 citations

  [5][6][8][11][12][13][14][15][18]
• www.enova.com[7]
• www.ondeck.com[9]
• www.headwaycapital.com[10]
• www.enova.com[20]
• www.enova.com[25]
• Enova International, Inc. — Full financial report (2015 Y)[27]
• ir.enova.com[28]
• ir.enova.com[30]
• ir.enova.com[31]
• ir.enova.com[33]