Enova's Grasshopper Deal to Reshape Funding and Growth Trajectory

Key Takeaways Enova plans to acquire Grasshopper for $369M to combine lending with digital banking.ENVA targets $175M to $230M revenue synergies and over 15% EPS accretion in year one post-close.ENVA expects funding costs 300 to 400 bps lower via deposits, boosting margins and scalability.Enova International, Inc. (ENVA) has leaned into fast-growing small and medium business (SMB) lending, and the next step is a move that could change how it funds and scales that engine. In December 2025, Enova signed a def ...