Credit bureau TransUnion has announced its agreement to acquire Monevo, a UK-based credit prequalification and distribution platform.
Monevo connects lenders and publishers, enabling them to offer tailored credit options to consumers online by embedding credit offers via comparison websites and other online channels.
TransUnion, which already holds a 30% stake in the company, plans to acquire the remaining equity from Quint Group Limited.
Monevo’s platform integrates centralised technology and decision-making tools to simplify the credit search process for consumers in the UK and US.
By prequalifying applicants, it enables users to assess their chances of approval for credit products without initiating potentially harmful credit checks, avoiding unnecessary searches and protecting their credit profiles.
The platform connects over 150 banks and credit providers with publishers globally, delivering personalised credit experiences while enhancing efficiency for lenders and publishers.
The acquisition, expected to close by the second quarter of 2025, is subject to customary regulatory approvals. TransUnion stated that the deal would be funded with existing cash and would not significantly affect its 2025 financial performance, nor is it expected to impact the company’s leverage or liquidity.
Furthermore, the acquisition is not expected to impact TransUnion’s leverage or liquidity.
“I founded Monevo to improve access to credit for consumers through technology, and today it is powering credit distribution for some of the world’s largest banks and lenders.
This acquisition is the natural next step in Monevo’s future growth and success, and would unlock new opportunities to innovate by uniting these two complementary businesses, whose values are already strongly aligned.”
said Greg Cox, CEO of Quint Group and Monevo.
“Over the last three years, our partnership with Monevo has helped address gaps in the consumer experience. Together, we plan to deliver high-quality offers at scale with minimal support needed from our partners.
Additionally, we continue to make good progress on broadening our value proposition and go-to-market strategy in the direct-to-consumer business and expect to have more to share in the coming quarters.”
said Steve Chaouki, President, U.S. Markets, TransUnion.
Featured image credit: Edited from Freepik
