Business
Enova Announces Definitive Agreement to Acquire Grasshopper Bank
Enova International, Inc. (NYSE: ENVA) ("Enova"), a leading financial services company powered by machine learning and world-class analytics, today announced it has signed a definitive agreement to acquire Grasshopper Bancorp, Inc., and its wholly owned subsidiary Grasshopper Bank N.A. ("Grasshopper"), in a cash and stock transaction valued at approximately $369 million.
About this update from Enova International, Inc.
[{"type":"text","content":"Will Unite a Leading Online Consumer and Small Business Lender with a Dynamic Digital-First Bank","length":96,"tagName":"p","attribs":{}},{"type":"text","content":"CHICAGO, Dec. 11, 2025 /PRNewswire/ -- Enova International, Inc. (NYSE: ENVA) ("Enova"), a leading financial services company powered by machine learning and world-class analytics, today announced it has signed a definitive agreement to acquire Grasshopper Bancorp, Inc., and its wholly owned subsidiary Grasshopper Bank N.A. ("Grasshopper"), in a cash and stock transaction valued at approximately $369 million.","length":437,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Enova International, Inc.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Enova International, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":121,"url":"https://media.zenfs.com/en/prnewswire.com/4b4b62e8a619350ffa24e42a9a4dde00"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/I0y1QPCeML5ou._mbx7i5w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIxMztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/4b4b62e8a619350ffa24e42a9a4dde00","width":400,"height":121}},"href":"https://mma.prnewswire.com/media/1739868/Enova_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Grasshopper is a leading client-first, full-service digital bank founded in 2019 with more than $1.4 billion in total assets as of September 30, 2025. Grasshopper offers digital financial solutions for commercial and consumer customers, including fintech-focused Banking-as-a-Service (BaaS) and API banking platforms, commercial and Small Business Administration lending and consumer banking.","length":392,"tagName":"p"},{"type":"text","content":"This transaction unites two complementary, market-leading businesses combining Enova's consumer and small business online lending capabilities and with Grasshopper's digital banking infrastructure to create a stronger, more diversified financial services provider. Enova's advanced online lending capabilities, deep understanding of its customers and credit risk discipline have enabled it to grow and service its customers for more than 20 years, both as a direct lender and a service provider to FDIC-insured depository institutions. Through its direct and Banking-as-a-Service (BaaS) product offeri...