Enova to acquire Grasshopper for $369m.

Enova, a financial technology company that provides online financial services through its machine-learning-powered platform, agreed to acquire Grasshopper, a full-service digital bank, for $369m. "This is a compelling and strategic combination that will enhance our ability to produce consistent and sustainable growth that we believe will deliver significant financial benefits. The additional scale and diversification from this transaction should meaningfully enhance our balance sheet strength and flexibility, leading to substantial revenue and funding synergies and significant EPS accretion," Steve Cunningham, Enova CFO.