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Enova International Inc ENVA

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Morningstar’s Analysis

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Company Profile

Business Description

Enova International Inc provides online financial services, including short-term consumer loans, line of credit accounts, and installment loans to customers primarily in the United States and the United Kingdom. Consumers apply for credit online, receive a decision almost immediately, and can receive funds within one day. Enova acts as either the lender or a third-party facilitator between borrowers and other lenders. The company earns revenue from interest income, finance charges, and other fees, including fees on the transactions between borrowers and third-party lenders. Nearly 80% of all revenue comes from the United States. The company realizes similar amounts of revenue from each of its three different products: short-term loans, lines of credit, and installment loans.

Contact
175 West Jackson Boulevard, Suite 1000
Chicago, IL, 60604
T +1 312 568-4200
Sector Financial Services
Industry Credit Services
Most Recent Earnings Dec 31, 2020
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 1,549