CHICAGO, Jan. 29, 2016 /PRNewswire/ -- Enova International
(NYSE: ENVA) today announced that CashEuroNet UK, which operates
online lending products QuickQuid and Pounds to Pocket, and
EuroNetCash, which operates On Stride Financial, have received full
authorization from their UK regulator, the Financial Conduct
Authority (FCA).
Both have been operating under interim permission since
April 1, 2014, when the FCA took over
supervision of the consumer credit industry and initiated a new
review process for all consumer lenders to ensure they were meeting
the rigorous standards set forth by the agency.
"We are very pleased to receive full authorization from the FCA,
which reflects how seriously we take our responsibilities to
consumers," said Nick Drew, UK
Managing Director. "Today's announcement highlights our commitment
to maintaining robust policies that provide consumers with the best
possible outcomes."
About Enova International
Enova is a leading provider of online financial services to the
large and growing number of customers who use alternative financial
services because of their limited access to more traditional
credit. Enova offers or arranges loans for consumers and/or
financing for small businesses in all 50 states and Washington D.C. in the United States and in five foreign
countries:
- in the United States at
https://www.cashnetusa.com, https://www.netcredit.com,
- https://www.headwaycapital.com, and
http://www.businessbacker.com,
- in the United Kingdom at
https://www.quickquid.co.uk, https://www.poundstopocket.co.uk and
https://www.onstride.co.uk,
- in Australia at
https://www.dollarsdirect.com.au,
- in Canada at
https://www.dollarsdirect.ca,
- in Brazil at
https://www.simplic.com.br, and
- in China at
https://www.youxinyi.cn.
Enova, through its trusted brands, uses its proprietary
technology, analytics, and customer service capabilities to quickly
evaluate, underwrite, and fund loans or provide financing to
customers when and how they want it. Headquartered in Chicago, Enova has more than 1,100 employees
serving its online customers across the globe.
About CashEuroNet UK
CashEuroNet UK is a financial services company based in the UK
that provides consumer credit products over the Internet to
individuals seeking alternative credit options. An indirect
subsidiary of Enova International, Inc., CashEuroNet UK leverages
the latest technology and advanced analytics to deliver innovative
and transparent credit products. Through its online lending
businesses, QuickQuid and Pounds to Pocket, CashEuroNet UK
provides both short-term loans and longer instalment loans for
individuals with varying financial needs.
About EuroNetCash
EuroNetCash is a financial services company based in the UK that
provides consumer credit products over the Internet to individuals
seeking alternative credit options. An indirect subsidiary of Enova
International, Inc., EuroNetCash operates online lending business
On Stride Financial, which is an innovative direct loan provider
offering unsecured personal loans to residents of the UK.
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SOURCE Enova International