Enova International’s Post

Today, OnDeck released its third Small Business Cash Flow Trend Report with Ocrolus. What we found: small businesses are turning digital, meeting the growing demand for alternative and digital payments, and increasingly turning to digital solutions to secure lending. 60% of businesses reported accepting alternative payment methods, up from nearly 55% in Q1. Nearly 75% of small businesses reported bypassing a traditional bank loan and instead sought out alternative lenders as their primary funding option. Small businesses continue to feel overwhelmingly optimistic about growth opportunities, with nearly 91.5% expecting moderate or significant growth over the next 12 months. View the full report here: https://bit.ly/3XGGPhp

Last month, Enova participated in LEND360's annual conference in Nashville. Small Business Lending Co-President Cory Kampfer participated in a fireside chat and discussed how small businesses are increasingly turning to alternative lenders like OnDeck due to our speed, flexibility and simple financing options. Head of Credit Risk, Fraud Analytics Abisht Raviprakash spoke about how Enova deploys responsible technology to expand access to credit and better serve our customers.

We're excited to join Lendflow at Money20/20 for a co-hosted happy hour event on October 28. Register below.

Enova was honored to connect researchers from the Olin Brookings Commission with data from Enova small business customers for their new report on small business ownership transitions. This research took a closer look at the shifting small business landscape as baby boomers approach retirement and transfer ownership of their businesses, known as the “silver tsunami.” A well-executed transition offers opportunities for fresh energy and leadership, expanded access to capital and innovation across the middle market. Read the report here: https://bit.ly/3U0rWpm

We are Just two days away from ChiWitCon 2024: Fearlessly Forward! Join us at the Old Post Office on October 3 to network, learn and grow with women in tech. Check out our speaker list and get your tickets here: www.chiwomenintech.com #FearlesslyForward #ChiWitCon

Want to work someplace awesome? We are looking for a Pangea Head of Marketing. In this Chicago-based role, you will spearhead the development and execution of all marketing strategies, encompassing digital, social, traditional and content-related efforts. Find out more about the role at https://bit.ly/4egCCZ7

Don't miss your chance to attend ChiWitCon on October 3! We have an incredible list of speakers that are sure to inspire and educate all who attend. Come and join an incredible community, gain insights and connect with industry leaders at the Old Post Office. Open to all genders across all platforms, ChiWitCon brings the achievements and professional interests of inspiring individuals to the forefront. Get your tickets here: www.chiwomenintech.com #FearlesslyForward #ChiWitCon

We are looking forward to ChiWitCon on October 3!

We had so much fun celebrating our 20th anniversary. Here's to another 20!

The Chicago Women in Tech Conference (ChiWitCon) is coming back on October 3, 2024, and this year it will be hosted at the old Post Office with the theme “Fearlessly Forward.” You can find this year’s speaker line up and purchase tickets on the ChiWitCon website: www.chiwomenintech.com In our lastest blog post, Renuka S Pugazhendhi - last year's conference chair - shares her experiences, insights and key takeaways from this inspiring and successful conference along with what you can gain from attending. Read what she had to say here: https://bit.ly/3XG4dgy