Who owns OnDeck?

Acquisition of OnDeck by Enova International

Transaction Details

OnDeck, a leading provider of small business loans, was acquired by Enova International, a Chicago-based consumer lender, in July 2020. The acquisition was a cash and stock transaction valued at approximately $90 million.

Ownership

Following the acquisition, Enova became the owner of OnDeck.

Strategic Benefits

The acquisition brought together two complementary businesses, combining Enova’s and OnDeck’s capabilities in consumer and small business online lending. It created a leading fintech company with significant scale and diverse product offerings.

Customer Impact

While OnDeck is now part of Enova, customers’ loans and relationships with OnDeck remain unchanged.

Sources

• Enova to Acquire OnDeck to Create a Leading FinTech Company Serving Consumers and Small Businesses
• Enova Landing Page | OnDeck

FAQs

Who owns OnDeck?

OnDeck is owned by Enova International, a Chicago-based consumer lender.

When was OnDeck acquired?

OnDeck was acquired by Enova International in July 2020.

What type of transaction was the acquisition?

The acquisition was a cash and stock transaction valued at approximately $90 million.

Has OnDeck’s ownership changed since the acquisition?

No, OnDeck’s ownership has not changed since the acquisition. Enova International remains the sole owner of OnDeck.

Is OnDeck a subsidiary of Enova International?

Yes, OnDeck is a subsidiary of Enova International.

Does Enova International own 100% of OnDeck?

Yes, Enova International owns 100% of OnDeck.

Is OnDeck publicly traded?

No, OnDeck is not publicly traded.