Windsor Drake
Transaction · Lending Tech (SMB) · 2020

Enova / OnDeck 2020

Enova acquired OnDeck on July 1, 2020.

Target
OnDeck
Acquirer
Enova
Announced
July 1, 2020
Sub-sector
Lending Tech (SMB)

Transaction overview

  • Enova announced the acquisition of OnDeck on July 1, 2020.

Strategic rationale

Acquisition expands Enova's small business lending segment from 15% to approximately 60% of operations, establishing a premier fintech lender with substantial scale and diversified product portfolio.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
July 1, 2020
Acquirer
Enova (Strategic)
Sub-sector
Lending Tech (SMB)

Sources

Comparable transactions in Lending Tech (SMB)

Primary Event type Counterparty Value Sub-sector Date
ATTUNE Transaction Tyfone Lending Tech (SMB) September 1, 2026
Nationwide Valuations Transaction Peak Business Valuation Lending Tech (SMB) July 9, 2026
Liberis Transaction Nordic Capital Lending Tech (SMB) June 18, 2026
Navitas Credit Corp Transaction Wafra Lending Tech (SMB) June 12, 2026
Zazzau Microfinance Bank Transaction Rank Lending Tech (SMB) November 17, 2025
8fig Transaction Bizcap Lending Tech (SMB) October 21, 2025