How Enova Built a Durable, Data-Driven Business
At Enova, growth isn’t about speed.
“It’s about building a durable, innovative company that performs through cycles and expands opportunities for our teams,” CEO Steve Cunningham said.
Enova was founded on the commitment to provide fast, trustworthy credit through world-class analytics and technology. And since then, this belief in the fundamentals — that disciplined risk management, data science, unit economics and diversified funding would create a resilient business — has withstood the test of time.
“I like to think our growth has matched and even exceeded that vision,” he said.
In addition to growing multiple offices and achieving profitability, Enova has significantly expanded across products and markets. Last year, for example, the company announced an agreement to acquire Grasshopper Bank, positioning the company to offer a more comprehensive suite of financial solutions to a larger number of consumers and businesses.
“Diversification matters,” Cunningham said. “Operating across products, customer segments and geographies gives us resilience and flexibility to invest where we see the most opportunity.”
Now, with greater flexibility than ever before, Enova is ready to take on the next phase in its growth journey.
About Enova
Powered by machine learning, Enova’s lending platform is designed to serve small businesses and consumers who are underserved by traditional banks.
Enova Hiring: Roles in Technology, Analytics, Strategy and Sales
As Enova scales, the company is hiring across four key divisions: technology, analytics, strategy and operations, and sales.
According to Cunningham, these divisions directly support the company’s growth strategy, which requires individuals who can innovate faster, operate more effectively and build long-term impact.
“We’re especially excited about candidates who enjoy solving complex problems, working with data and building solutions that operate at scale,” he said. “If you like tackling hard challenges and seeing measurable results, you’ll thrive here.”
“If you like tackling hard challenges and seeing measurable results, you’ll thrive here.”
Cunningham said that Enova’s high-performance, values-driven culture is what makes the company special. And as the company grows, leaders like him ensure their people have the resources and support they need to evolve as well.
To that end, Enova offers comprehensive career growth opportunities, including leadership development. Its mentorship program connects high-potential managers, leads and subject matter experts with senior leaders for one-on-one guidance, while its manager ramp-up program offers foundational training in team leadership and performance management through blended learning.
Additionally, Enova’s Emerging Talent programs help high-performing team members expand their impact by connecting them with workshops that sharpen their strategic thinking skills and strengthen their cross-functional connections. Experienced leaders can also access customized coaching and development to enhance their management skills so they can more effectively identify opportunities, build high-performing teams, and achieve results across the business.
These opportunities, along with access to tuition reimbursement and an internal tech exchange that enables team members to broaden their technical knowledge, are designed to give team members everything they need to thrive — and help the company do the same.
“Together, these initiatives reflect our belief that sustained business performance is driven by exceptional talent,” Cunningham said. “When our people grow, our company grows.”
How Enova Plans to Scale Its Platform and Use AI Responsibly
As Enova scales, Cunningham is tracking key trends like consumer financial health and small business confidence.
“Employment, wage growth and spending patterns all influence how customers use credit, and we monitor both external data and real-time signals from our platform,” he said. “For example, many small businesses are looking beyond traditional banks for financing, which creates opportunity for us.”
Cunningham is also watching regulatory changes and the advancement of AI, which the company leverages responsibly to improve decision-making and empower its people to do their best work.
According to Cunningham, Enova has never been stronger. With the infrastructure to scale responsibly and models shaped by years of performance data, the company is eager to unlock success now — and for years to come.
“We grow in ways that strengthen the company for the long term, not stretch it thin,” Cunningham said.
Frequently Asked Questions
What does Enova do?
Enova is a financial services company that uses machine learning and data analytics to provide fast, trustworthy credit to small businesses and consumers who are underserved by traditional banks. Its lending platform is designed to deliver financial solutions at scale across products, markets and customer segments.
How does Enova support career development?
Enova supports career development through mentorship programs that connect employees with senior leaders, leadership training programs like its manager ramp-up initiative and Emerging Talent programs that build strategic and cross-functional skills. Employees also have access to tuition reimbursement, internal tech exchanges and customized coaching to help them grow and expand their impact.
