Enova International

Today, OnDeck released its third Small Business Cash Flow Trend Report with Ocrolus. What we found: small businesses are turning digital, meeting the growing demand for alternative and digital payments, and increasingly turning to digital solutions to secure lending. 60% of businesses reported accepting alternative payment methods, up from nearly 55% in Q1. Nearly 75% of small businesses reported bypassing a traditional bank loan and instead sought out alternative lenders as their primary funding option. Small businesses continue to feel overwhelmingly optimistic about growth opportunities, with nearly 91.5% expecting moderate or significant growth over the next 12 months. View the full report here: https://bit.ly/3XGGPhp

In addition to celebrating 20 years in business, today marks 10 years as a public company. These milestones are, above all else, a testament to our talented and driven team -- thank you to everyone who has been a part of our journey thus far! #InsideEnova #NYSE

CSO Kirk Freund Chartier in American Banker’s BankThink: Fintechs need to be more proactive about regulatory compliance and prioritize transparency to consumers. Read more at https://bit.ly/4hG5ufe

Not-so-scary small business fact: Did you know small businesses continue to feel overwhelmingly optimistic about growth opportunities, with nearly 91.5% expecting moderate or significant growth over the next 12 months? Find out more not-so-scary facts in the Q2 Small Business Cash Flow Trend Report from OnDeck and Ocrolus here: https://bit.ly/3XGGPhp

Small business owners wear many hats and are often stretched for time. Speed and efficiency are critical, which is why many small businesses turn to online/nonbank lenders for quick, convenient financing. OnDeck’s Cory Kampfer and Ocrolus' David Snitkof discussed this finding from the latest Quarterly Small Business Cash Flow Trend Report.

This week, the Operations Women’s Leadership Committee (OWLs) wrapped up the year with a powerful “Breaking the Glass Ceiling” panel, discussing allyship and the unique challenges women face throughout their careers. Huge thanks to our inspiring panelists and the OWLs Panel Committee for a fantastic year of supporting women leaders. #InsideEnova #WomenInLeadership

Last month, Enova participated in LEND360's annual conference in Nashville. Small Business Lending Co-President Cory Kampfer participated in a fireside chat and discussed how small businesses are increasingly turning to alternative lenders like OnDeck due to our speed, flexibility and simple financing options. Head of Credit Risk, Fraud Analytics Abisht Raviprakash spoke about how Enova deploys responsible technology to expand access to credit and better serve our customers.

We're excited to join Lendflow at Money20/20 for a co-hosted happy hour event on October 28. Register below.

Enova was honored to connect researchers from the Olin Brookings Commission with data from Enova small business customers for their new report on small business ownership transitions. This research took a closer look at the shifting small business landscape as baby boomers approach retirement and transfer ownership of their businesses, known as the “silver tsunami.” A well-executed transition offers opportunities for fresh energy and leadership, expanded access to capital and innovation across the middle market. Read the report here: https://bit.ly/3U0rWpm

We are Just two days away from ChiWitCon 2024: Fearlessly Forward! Join us at the Old Post Office on October 3 to network, learn and grow with women in tech. Check out our speaker list and get your tickets here: www.chiwomenintech.com #FearlesslyForward #ChiWitCon