Enova International Acquires OnDeck

July 28, 2020

Enova International has agreed to acquire all outstanding shares of OnDeck in a cash-and-stock transaction valued at approximately $90 million, representing a meaningful premium to OnDeck's recent trading levels. The deal combines Enova's consumer and small-business lending platform with OnDeck's online small business lending franchise and ODX bank platform to create a larger fintech platform with expanded scale and product capabilities.

Targets
OnDeck
Sellers
OnDeck shareholders
Location
New York, United States
Transaction Type
Buyout

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