Enova completed the acquisition of OnDeck for $90m.

Enova International, a FinTech company, completed the acquisition of OnDeck, a global online small business lending company, for $90m. OnDeck shareholders will own approximately 16.7% of the combined entity, with Enova shareholders owning approximately 83.3%. Under the terms of the agreement, OnDeck shareholders will receive $0.12 cents per share in cash and 0.092 shares of Enova common stock for each share of OnDeck held. "This strategic transaction, which brings together two FinTech leaders, is a great opportunity for customers, employees and shareholders of both companies. Together, our companies will be stronger because of the complementary strengths and synergies of our businesses. Acquiring a premier online small business lender and its ODX bank platform, and welcoming its innovative and talented team to Enova, will increase our scale and resources, providing us with opportunities to accelerate growth in our increasingly diversified portfolio as we continue to execute on our strategy to create long-term value for all of our stakeholders," David Fisher, Enova CEO.