The FinTech Company Enova Impresses with Strong Quarterly Results - Acquisition of Grasshopper is Likely to Accelerate Growth!
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Enova has established itself as a FinTech company specializing in data-driven online lending for consumers as well as small and medium-sized enterprises with poor credit ratings. A key foundation is the Colussus platform, which, thanks to machine learning, offers a 40% improvement in repayment accuracy. This addresses a total market of USD 535 billion in the United States. On January 27, the company impressed with strong Q4 results and anticipates an extremely strong year ahead, with a 15% growth in lending and at least 20% in earnings per share....
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