Schwab Network

Enova (ENVA) CEO on Credit Strength, Grasshopper Acquisition


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Steve Cunningham, the new CEO of Enova (ENVA), lays out what to expect in 2026. “We don’t have a need for hard lefts or hard rights on our strategy,” he says, because Enova has been doing well with its current operations. Enova is a fintech company that offers online financial services, including the payday lender CashNetUSA and NetCredit, which offers personal loans and lines of credit. Steve notes that credit has head up well, and feels like “we’re in a pretty good spot to keep up this momentum.” Their recent acquisition of Grasshopper Bank gives them a banking charter, which he expects to expand their customer reach and allow them to offer new products.


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