TransUnion announced on January 8, 2025, that it has signed a definitive agreement to acquire Monevo, a U.K.-based credit prequalification and distribution platform. TransUnion previously held a 30% minority stake in Monevo, and this acquisition will secure the remaining ownership.
Monevo's platform empowers lenders and banks to deliver highly personalized credit offers to consumers through comparison websites and other third parties. This technology helps consumers find suitable credit products without negatively impacting their credit scores, promoting financial inclusion and responsible lending.
The transaction is expected to close by Q2 2025, subject to customary closing conditions and regulatory approvals. Funded with existing cash-on-hand, the acquisition is not anticipated to have a material impact on TransUnion’s leverage, liquidity, or 2025 operating results, but is expected to enhance its global product portfolio.
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