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Enova Moves to Become Bank Holding Company with $369M Grasshopper Acquisition

13 Dec 2025 · 3 min read

Enova Moves to Become Bank Holding Company with $369M Grasshopper Acquisition

The machine-learning-powered lender signs a definitive agreement to acquire digital-first Grasshopper Bank, aiming for regulatory approval and strategic diversification by late 2026.

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