Enova Completes Acquisition of OnDeck — About Enova (NYSE: ENVA), Employment Inducement Award

Summary

Closing portion of an Enova press release on its completed acquisition of OnDeck, covering an employment inducement award, the company description and forward-looking statements. The award is intended to qualify under NYSE Listed Company Manual Rule 303A.08. Enova describes itself as an online lender to non-prime consumers and small businesses that has provided more than 7 million customers with more than $20 billion in loans and financing, through brands including CashNetUSA, NetCredit, Simplic, Headway Capital and The Business Backer. The risk factors include integrating the OnDeck business, achieving anticipated synergies and dilution from issuing Enova common stock in the transaction.

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The award is intended to be an Employment Inducement Award under the NYSE’s Listed Company Manual Rule
303A.08.

About Enova

Enova (NYSE: ENVA) is a leading
provider of online financial services to non-prime consumers and small businesses, providing access to credit powered by its advanced analytics, innovative technology, and world-class online platform and
services. Enova has provided more than 7 million customers around the globe with access to more than $20 billion in loans and financing. The financial technology company has a portfolio of trusted brands serving consumers, including
CashNetUSA ® , NetCredit ® and Simplic ® ; two brands serving small businesses,
Headway Capital ® and The Business Backer ® ; and offers online lending platform services to lenders. Through its Enova Decisions ™ brand, it also delivers on-demand decision-making technology and real-time predictive analytics services to clients. You can learn more about the company
and its brands at www.enova.com .

Forward-looking Statements

This release contains forward-looking statements within the meaning of and subject to the safe harbor created by, Section 21E of the Securities Exchange
Act of 1934, as amended, about the business, strategy, financial condition and prospects of Enova, its expectations relating to the transaction and its future financial condition and performance, including anticipated synergies from the transaction.
Statements that are not historical facts, including statements about Enova’s management’s beliefs and expectations, are forward-looking statements. Words such as “believes”, “anticipates”, “estimates”,
“expects”, “intends”, “aims”, “potential”, “will”, “would”, “could”, “considered”, “likely”, “estimate” and variations of these words and similar
future or conditional expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These forward-looking statements give current expectations or forecasts of future events and
reflect the views and assumptions of Enova’s senior management as of the date of this release and are not guarantees of future performance. The actual results of Enova could differ materially from those indicated by such forward-looking
statements because of a number of factors affecting Enova’s business and risks associated with the successful execution and integration of the transaction and the performance of the combined company’s business following such
transaction. These factors include, among others, the possibility that any of the anticipated benefits of the transaction will not be realized or will not be realized within the expected time period; the ability of Enova to integrate the OnDeck
business successfully and to achieve anticipated synergies; potential litigation relating to the transaction; the risk that disruptions from the transaction will harm Enova’s business or the acquired OnDeck business; continued availability of
capital and financing on favorable terms or at all; legislative, regulatory and economic developments; potential business uncertainty, including changes to existing business relationships, as a result of the transaction that could affect
Enova’s and/or the acquired OnDeck business’ financial performance; dilution caused by Enova’s issuance of shares of its common stock in connection with the transaction; and such other risks and uncertainties detailed in Enova’s
periodic public filings with the SEC, including but not limited to those discussed under “Cautionary Note Concerning Factors That May Affect Future Results” and “Risk Factors” in Enova’s Form 10-K for the fiscal year ended December 31, 2019 and in its Form 10-Q for each of the quarterly periods ended March 31, 2020 and June 30, 2020,
respectively; in Enova’s subsequent filings with the SEC and in other investor communications of Enova from time to time. These risks and uncertainties are beyond the ability of Enova to control, and, in many cases, Enova cannot predict all of
the risks and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. Enova cautions you not to put undue reliance on these forward-looking statements. Enova disclaims any intention
or obligation to update or revise any forward-looking statements after the date of this release.

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