Steady Credit Quality Fuels Enova's 20% Surge in Loan Originations

Enova International’s fourth quarter growth — with double-digit gains in loan originations and revenues — showed strength across small business demand and lending to consumers.The FinTech uses machine learning and digital channels to extend its loans, including to subprime and near-prime borrowers. CEO David Fisher said on the conference call that, in addition, credit metrics tied to Enova’s consumer lending operations were stable. By the numbers, fourth quarter loan originations were up 20% year over year, ...