Enova’s $369M Bet: Buying a Bank Charter to Slash Costs & Beat Regulations
Enova International’s acquisition of Grasshopper Bank for $369 million marks a transformative shift in fintech strategy, as the company secures a rare national bank charter. This deal not only brings $3 billion in low-cost deposits but also offers federal preemption, allowing Enova to bypass complex state regulations like Texas HB 700. The acquisition is priced […]