OnDeck is joining forces with Enova
On July 28, 2020, OnDeck announced that it had entered into an agreement to be acquired by Enova, so that together we can bring even more innovative financial products and services to businesses and consumers. The OnDeck brand and products that you know and trust will continue as part of Enova’s business.
In 2006, OnDeck was founded to provide small businesses with a more efficient, accessible, and transparent way to access capital. Fourteen years later that mission remains unchanged. OnDeck and Enova are both innovators of online lending, using technology to dramatically improve, simplify, and expand access to financial services. Our shared values, vision, and focus on expanding access to financial services for small businesses, individuals, and families make this a great match. Together we’ll be able to improve product offerings, user experience, and customer service. We’re excited about this opportunity to grow and expand with Enova.
Frequently Asked Questions
How can I learn more information about what is happening?
If you are a current OnDeck customer, you can reach out to the OnDeck Customer Service team at (888) 269-4246 or your dedicated loan advisor. You can also read the press release about the announcement here.
If I’m an OnDeck customer, what happens to my loan?
You will not see any changes to your loan as a result of this announcement. Your loan will continue uninterrupted with OnDeck. While we work on plans to combine our operations, for you it will be business as usual. When the combination is complete, OnDeck will be a brand within the Enova portfolio, making the transition for you and your business seamless.
Who is Enova?
Enova is a leading provider of online financial services to underserved consumers and small businesses, providing access to credit powered by advanced analytics and innovative technology. Enova has assisted nearly 7 million customers around the globe access more than $20 billion in loans and financing. The company has a portfolio of brands and products serving consumers and small businesses. You can learn more about Enova at https://www.enova.com/.