Tranche Update on Enova International, Inc.'s Equity Buyback Plan announced on September 15, 2017.
January 31, 2019 at 04:18 pm
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From October 1, 2018 to January 31, 2019, the company has repurchased 954,419 shares, representing 2.78% for $21.44 million. With this, the company has completed the repurchase of 1,208,859 shares, representing 3.54% for $25 million under the buyback announced on September 15, 2017.
Enova International, Inc. is a technology and analytics company, which is focused on providing online financial services. The Company offers or arranges loans or draws on lines of credit to consumers in 37 states in the United States and Brazil. It also offers financing to small businesses in 49 states and Washington D.C. in the United States. Its customers include small businesses which have bank accounts but use alternative financial services because of their limited access to more traditional credit from banks, credit card companies and other lenders. The Companyâs products and services include consumer installment loans; small business installment loans; consumer line of credit accounts; small business line of credit accounts; CSO program, and bank programs. It markets its financing products under the names CashNetUSA at www.cashnetusa.com, NetCredit at www.netcredit.com, OnDeck at www.ondeck.com, Headway Capital at www.headwaycapital.com and Pangea at www.pangeamoneytransfer.com.