Steady Credit Quality Fuels Enova's 20% Surge in Loan Originations
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Enova International reported a 20% surge in loan originations in the fourth quarter, driven by strong demand from small businesses and consumer lending. The company's use of machine learning and digital channels has facilitated this growth, even among subprime and near-prime borrowers.
February 05, 2025 | 1:30 am
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Enova International experienced a 20% increase in loan originations in Q4, supported by strong demand from small businesses and consumers. The company's use of machine learning and digital channels has been pivotal in this growth.
The 20% surge in loan originations indicates strong business performance and demand, which is likely to positively impact Enova's stock price in the short term. The company's innovative use of technology in lending further supports its growth prospects.
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