Enova | Jotup

Houlihan Lokey Appoints Rafael Pereira as a Senior Advisor

Retrieved on:

Friday, March 15, 2024

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Rafael Pereira has been appointed as a Senior Advisor to assist the firm with its expansion in Brazil.

Key Points:

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Rafael Pereira has been appointed as a Senior Advisor to assist the firm with its expansion in Brazil.
Mr. Pereira has more than two decades of experience as a tech entrepreneur and executive, building and growing technology-based businesses from spearheading startups to publicly listed companies.
“We are delighted with his arrival and the prospect of deepening our relationship with clients in the space.”
“It is a great pleasure to join Houlihan Lokey and work together with its global Technology Group and its experienced local team to serve our Brazilian clients,” says Rafael Pereira.
Mr. Pereira earned an MBA from Columbia Business School and a degree in Engineering from PUC Rio de Janeiro.

Enova Reaches Agreement with CFPB on Consumer Loan Processing Errors

Retrieved on:

Wednesday, November 15, 2023

Consumer Financial Protection Bureau, Consumer, Machine learning, Payment, CFPB, NYSE, Enova, Online shopping, Bank

CHICAGO, Nov. 15, 2023 /PRNewswire/ -- Enova International, Inc. (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, announced today that it has reached an agreement with the Consumer Financial Protection Bureau ("CFPB") regarding consumer loan processing issues that arose from unintentional technical systems and processing errors which have since been addressed. The majority of items were self-reported by Enova to the CFPB and Enova provided appropriate redress to impacted customers. Enova has agreed to pay a $15 million civil money penalty. The settlement is not expected to have a material impact on the Company or its operations.

Key Points:

Errors have been addressed and a settlement, aligned with current Enova business practices, has been reached
CHICAGO, Nov. 15, 2023 /PRNewswire/ -- Enova International, Inc. (NYSE: ENVA), a leading financial technology company powered by machine learning and world-class analytics, announced today that it has reached an agreement with the Consumer Financial Protection Bureau ("CFPB") regarding consumer loan processing issues that arose from unintentional technical systems and processing errors which have since been addressed.
The majority of items were self-reported by Enova to the CFPB and Enova provided appropriate redress to impacted customers.
In 2022, Enova sunset its short-term single payment payday loan product (the last single payment loan was originated in August 2022).
The errors identified in this order represent a very small percentage of customers and transactions Enova handled during this period.

Enova Reports Third Quarter 2023 Results and New $300 Million Share Repurchase Program

Retrieved on:

Tuesday, October 24, 2023

Ratio, NYSE, Economics, EBITDA, Share repurchase, GAAP, Growth, Webcast, Machine learning, Central Time, CFO, Algorithm, Total, Cryptocurrency, Video game, Bank, Enova

Total revenue of $551 million in the third quarter of 2023 increased 21% from $456 million in the third quarter of 2022.

Key Points:

Total revenue of $551 million in the third quarter of 2023 increased 21% from $456 million in the third quarter of 2022.
Net income of $41 million, or $1.29 per diluted share, in the third quarter of 2023 compared to $52 million, or $1.57 per diluted share, in the third quarter of 2022.
Third quarter 2023 adjusted EBITDA, a non-GAAP measure, of $121 million compared to $115 million in the third quarter of 2022.
The existing $150 million repurchase program that would have expired on December 31, 2023 will terminate and be replaced by this new program.

Enova Reports Second Quarter 2023 Results

Retrieved on:

Tuesday, July 25, 2023

GAAP, Ratio, Central Time, EBITDA, Investment, Machine learning, Risk, Algorithm, Webcast, CFO, Growth, NYSE, Total, Cryptocurrency, Bank, Video game, Textile, Enova

Total revenue of $499 million in the second quarter of 2023 increased 22% from $408 million in the second quarter of 2022.

Key Points:

Total revenue of $499 million in the second quarter of 2023 increased 22% from $408 million in the second quarter of 2022.
Net revenue margin of 60% in the second quarter of 2023 compared to 65% in the second quarter of 2022.
Second quarter 2023 adjusted EBITDA, a non-GAAP measure, of $126 million compared to $102 million in the second quarter of 2022.
Enova will host a conference call to discuss its second quarter 2023 results at 4 p.m. Central Time / 5 p.m. Eastern Time today, July 25th.

KBRA Assigns Preliminary Ratings to OnDeck Asset Securitization Trust IV, LLC, Series 2023-1

Retrieved on:

Wednesday, July 12, 2023

Fintech, Professional Services, Finance, Small business, Kora (Fintech company), Enova, KBRA, OnDeck Capital, Sale, ABS, Issuer, LOC, Security (finance), Bank, Telescopic sight, Note, Series

KBRA assigns preliminary ratings to three classes of Series 2023-1 Notes (“OnDeck 2023-1”) issued by OnDeck Asset Securitization Trust IV, LLC.

Key Points:

KBRA assigns preliminary ratings to three classes of Series 2023-1 Notes (“OnDeck 2023-1”) issued by OnDeck Asset Securitization Trust IV, LLC.
OnDeck Asset Securitization Trust IV, LLC will issue three classes of Series 2023-1 Notes, (collectively, the “Notes” or “Series 2023-1 Notes”) totaling $227.051 million.
Since its founding, OnDeck has originated over $15.3 billion in loans to over 133,000 small businesses.
KBRA considered its operational review of the Company, as well as periodic update calls with the Company.

Enova Reports First Quarter 2023 Results

Retrieved on:

Tuesday, April 25, 2023

Marketing, GAAP, Ratio, Central Time, EBITDA, Retirement, Investment, Machine learning, Webcast, CFO, Artificial intelligence, Growth, NYSE, Total, Cryptocurrency, Video game, Bank, Enova

Total revenue of $483 million in the first quarter of 2023 increased 25% from $386 million in the first quarter of 2022.

Key Points:

Total revenue of $483 million in the first quarter of 2023 increased 25% from $386 million in the first quarter of 2022.
Net revenue margin of 59% in the first quarter of 2023 compared to 70% in the first quarter of 2022.
First quarter 2023 adjusted EBITDA, a non-GAAP measure, of $126 million compared to $106 million in the first quarter of 2022.
Enova will host a conference call to discuss its first quarter 2023 results at 4 p.m. Central Time / 5 p.m. Eastern Time today, April 25th.

Enova Reports Fourth Quarter and Full Year 2022 Results

Retrieved on:

Wednesday, February 1, 2023

CFO, Central Time, NYSE, EBITDA, Face, Webcast, Artificial intelligence, GAAP, Risk, Growth, Machine learning, Ratio, Environment, History, Video game, Cryptocurrency, Bank, Enova

Total revenue of $486 million in the fourth quarter of 2022 increased 34% from $364 million in the fourth quarter of 2021.

Key Points:

Total revenue of $486 million in the fourth quarter of 2022 increased 34% from $364 million in the fourth quarter of 2021.
Net revenue margin of 60% in the fourth quarter of 2022 compared to 77% in the fourth quarter of 2021.
Net income attributable to Enova International, Inc. of $51 million, or $1.56 per diluted share, in the fourth quarter of 2022 compared to $49 million, or $1.30 per diluted share, in the fourth quarter of 2021.
Fourth quarter 2022 adjusted EBITDA, a non-GAAP measure, of $120 million compared to $101 million in the fourth quarter of 2021.

Enova Announces of Decade of Recognition as one of Computerworld's Best Places to Work in IT

Retrieved on:

Wednesday, December 14, 2022

CHICAGO, Dec. 14, 2022 /PRNewswire/ -- Foundry's Computerworld announced Enova International as one of the 2023 Best Places to Work in IT. This award recognizes the top organizations that challenge their IT teams while providing great benefits and compensation. Company data ranked Enova 17th among midsize organizations, and marks the 10th consecutive year that Enova has been named to the list.

Key Points:

CHICAGO, Dec. 14, 2022 /PRNewswire/ -- Foundry's Computerworld announced Enova International as one of the 2023 Best Places to Work in IT.
Company data ranked Enova 17th among midsize organizations, and marks the 10th consecutive year that Enova has been named to the list.
This recognition is a testament to the challenging and inspiring work our team members do every day."
The Best Places to Work in IT list is an annual ranking of the top 100 work environments for technology professionals by Insider Pro and Computerworld.

Five Enova Team Members Win National Built In Tech Awards

Retrieved on:

Tuesday, April 26, 2022

CHICAGO, April 26, 2022 /PRNewswire/ -- Built In, an online platform for technology professionals, recently revealed the 100 winners of its 2022 Moxie Awards, a program which celebrates women in tech, and five of Enova's team members topped the prestigious list. Since its inception, Built In's Moxie Awards have honored rising women in tech for their outsized contributions — through skills, leadership and accomplishments — to their places of work, communities and the industry overall. All five of Enova's team members were nominated by their peers and company leadership, and they represent Enova's ongoing commitment to advancing diversity, equity, and inclusion that has led to women comprising more than half of all roles at the company.

Key Points:

CHICAGO, April 26, 2022 /PRNewswire/ -- Built In , an online platform for technology professionals, recently revealed the 100 winners of its 2022 Moxie Awards, a program which celebrates women in tech, and five of Enova 's team members topped the prestigious list.
Deeply committed to advancing women in tech, Nicole volunteers in a full capacity with ChickTech , a nonprofit whose mission is to support people of marginalized genders in tech.
She is a Diversity, Equity, and Inclusion (DEI) advocate and launched the South Asians @ Enova affinity group at Enova while also being active in the Women @ Enova group.
Cynthia has been instrumental in growing DEI and the PRIDE @ Enova affinity group during her five years with Enova.

OnDeck Recognized as a Best Small Business Loan of 2022 by Forbes Advisor

Retrieved on:

Tuesday, February 22, 2022

Digital technology, Small business, Forbes, Better Business Bureau, Multimedia, Enova, News, Trustpilot, OnDeck Capital, Real estate, Financial adviser, Bank, Online shopping

NEW YORK, Feb. 22, 2022 /PRNewswire/ -- OnDeck, a part of Enova International, has been selected as a Best Small Business Loan in 2022 by Forbes Advisor, a trusted destination for money and business news, reviews and a product marketplace.

Key Points:

NEW YORK, Feb. 22, 2022 /PRNewswire/ -- OnDeck, a part of Enova International, has been selected as a Best Small Business Loan in 2022 by Forbes Advisor, a trusted destination for money and business news, reviews and a product marketplace.
Forbes Advisor selected OnDeck amongst 15 lenders based on 16 data points: loan cost, loan details, customer experience, eligibility and accessibility, and application process.
OnDeck was recognized as the best short term lender for its variety of business lending products and same day funding.
"OnDeck is proud to be recognized as a Best Small Business Loan by Forbes Advisor," said Jim Granat, senior vice president at Enova and co-head of OnDeck.