TransUnion (NYSE:TRU) announced the completion of the acquisition of Monevo, a Leeds, UK-based credit prequalification and distribution platform, from Quint Group Limited.
The news follows January’s deal announcement. TransUnion had previously held 30% of the equity of Monevo after acquiring a minority stake in 2021.
The terms of the transaction have not been disclosed. The deal was funded via existing cash-on-hand and is not expected to have a material impact on leverage, liquidity or TransUnion’s 2025 operating results.
Led by Greg Cox, Monevo provides a credit prequalification and distribution platform that empowers lenders and banks to deliver personalised credit offers to consumers via comparison websites and other third parties. Working with over 150 banks and credit providers globally, Monevo’s centralised technology and decisioning infrastructure integrates lenders and publishers, allowing them to deliver enhanced outcomes to consumers who are searching online for credit offers. Those consumers are able to see their likelihood of being approved for credit products before applying with lenders, removing unnecessary searches that have the potential to impact their credit scores adversely.
FinSMEs
01/04/2025