TransUnion Acquires Monevo, Expanding Credit Platform

TransUnion announced today the acquisition of Monevo, a leading provider of personal credit platforms, from Quint Group. The deal, expected to close in the second quarter of 2025, is an all-cash transaction, though financial terms were not disclosed.  

Monevo's technology enables banks, credit unions, and other lenders to efficiently manage and distribute credit offers through comparison websites. This acquisition builds on TransUnion's existing 30% stake in Monevo, acquired in 2021, and aims to further enhance the consumer credit experience.  

"This acquisition will allow us to deliver high-quality credit offers at scale with minimal support needed from our partners," said Steve Chaouki, president of US markets at TransUnion. "We believe this will significantly benefit both lenders and consumers."  

Monevo operates primarily in the UK and US, with a presence in Poland and Australia. This acquisition is expected to strengthen TransUnion's global reach and position as a leading provider of information and insights.  

TransUnion expects the acquisition, funded through existing cash reserves, to have no material impact on its financial performance. The company continues to focus on expanding its direct-to-consumer business in the US, with further updates expected in the coming quarters.