Enova Unveils New Loop Office and Renews Commitment to Chicago’s Tech Community
CHICAGO (July 21, 2015) – Enova International, Inc. (NYSE: ENVA), a leading technology and analytics company focused on online lending, today celebrated the opening of its new 160,000-square-foot office in the Chicago Loop. Demonstrating the company’s commitment to Chicago’s tech community, Enova’s 860-plus downtownChicago employees – including more than 330 customer contact representatives – recently completed the move to 175 West Jackson Boulevard.
The office combines an open floor plan with multiple collaboration spaces and has created an environment that makes it easier for teams from different disciplines to work together. An efficient layout combined with 5,400 additional square feet provides Enova with room for growth. The building, known as the Insurance Exchange Building, was designed in 1912 by renownedChicago architect Daniel H. Burnham and was meticulously modernized in 2002 while preserving Burnham’s original enameled brick and terra cotta exterior and classicChicago facade.
“Chicago has attracted the top-notch tech and analytics talent an innovation driven company like Enova needs,” said David Fisher, CEO. “It’s that talent that has helped fuel our rapid growth, and it’s great to be in a historic building with an exciting new space that fits our people and how we work.”
Last year Enova hired 81 technology and analytics employees to support its businesses and product pilots in the U.S., Brazil, China, and the U.K. In November, the company also began its Software Engineering Apprenticeship Program, which provides a pathway for motivated individuals who want to pursue a career as a developer but do not have a traditional technology education.
When selecting the ideal location for its new office, Enova naturally relied on analytics to determine where Enova team members live and what routes they take to the office, to pinpoint the ideal location. Brokerage firm CBRE helped identify options that were centrally located by public transportation and expressways, along with convenient Divvy bike sharing stations.
Enova retained several local partners throughout the move process, including Partners By Design for architectural and design services and Skender Construction to build out the space. In addition, Enova commissioned School of the Art Institute of Chicago studentZachary MacTavish and teacher Miguel Aguilar to create vibrant graffiti artwork on several internal walls.
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 consumer credit. As of March 31, 2015, Enova offered or arranged loans in 34 states in the United States and in five foreign countries. During 2014, the company launched pilot programs in Brazil and China, as well as a line of credit product to serve the needs of small businesses in the United States. Enova uses its proprietary technology, analytics and customer service capabilities to quickly evaluate, underwrite and fund loans in order to offer customers credit when and how they want it. Headquartered in Chicago, Enova had more than 1,100 employees serving its online customers across the globe as of March 31, 2015.