TransUnion announced on April 1, 2025, the completion of its acquisition of U.K.-based Monevo from Quint Group Limited. This follows the definitive agreement signed in January, where TransUnion moved to acquire the remaining ownership after holding a 30% minority stake since 2021.
Monevo's platform is a credit prequalification and distribution solution that empowers lenders and banks to deliver highly personalized credit offers to consumers via comparison websites. It works with over 150 banks and credit providers globally, improving outcomes for consumers searching for credit online.
Steve Chaouki, President, U.S. Markets, TransUnion, stated that Monevo’s platform is anticipated to enhance TransUnion’s portfolio and proposition to lenders, supporting its mission to make trust possible in global commerce. The acquisition was funded via existing cash-on-hand and is not expected to materially impact TransUnion’s leverage, liquidity, or 2025 operating results.
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