TransUnion Announces Agreement to Acquire Financial Technology Company Monevo, a Credit Prequalification and Distribution Platform
TransUnion (NYSE:TRU) has announced a definitive agreement to acquire the remaining 70% stake in Monevo, a UK-based credit prequalification and distribution platform, after acquiring an initial 30% stake in 2021. Monevo's platform connects over 150 banks and credit providers with comparison websites and online brands, enabling personalized credit offers primarily in the UK and US markets.
The platform benefits multiple stakeholders: consumers can check credit approval likelihood without impacting their credit scores, publishers gain higher conversion rates through personalized engagement, and lenders can optimize acquisition costs while improving consumer experience. The acquisition, expected to close by Q2 2025, will be funded with existing cash-on-hand and is not expected to materially impact TransUnion's leverage, liquidity, or 2025 operating results.
TransUnion (NYSE:TRU) ha annunciato un accordo definitivo per acquisire il restante 70% della partecipazione in Monevo, una piattaforma britannica di prequalificazione del credito e distribuzione, dopo aver acquisito inizialmente il 30% nel 2021. La piattaforma di Monevo collega oltre 150 banche e fornitori di credito con siti di comparazione e marchi online, consentendo offerte di credito personalizzate principalmente nei mercati del Regno Unito e degli Stati Uniti.
La piattaforma offre vantaggi a molteplici parti interessate: i consumatori possono verificare la probabilità di approvazione del credito senza influire sui loro punteggi di credito, gli editori ottengono tassi di conversione più elevati grazie a un coinvolgimento personalizzato, e i prestatori possono ottimizzare i costi di acquisizione migliorando nel contempo l'esperienza del consumatore. Si prevede che l'acquisizione si chiuda entro il secondo trimestre del 2025, sarà finanziata con liquidità già disponibile e non ci si aspetta che impatti materialmente il leverage, la liquidità o i risultati operativi di TransUnion per il 2025.
TransUnion (NYSE:TRU) ha anunciado un acuerdo definitivo para adquirir el restante 70% de participación en Monevo, una plataforma británica de precalificación y distribución de crédito, tras adquirir inicialmente un 30% en 2021. La plataforma de Monevo conecta a más de 150 bancos y proveedores de crédito con sitios web de comparación y marcas en línea, permitiendo ofertas de crédito personalizadas principalmente en los mercados del Reino Unido y Estados Unidos.
La plataforma beneficia a múltiples partes interesadas: los consumidores pueden comprobar la probabilidad de aprobación de crédito sin afectar sus puntuaciones de crédito, los editores obtienen tasas de conversión más altas a través de un compromiso personalizado, y los prestamistas pueden optimizar los costos de adquisición mientras mejoran la experiencia del consumidor. Se espera que la adquisición se cierre para el segundo trimestre de 2025, se financiará con efectivo disponible y no se espera que impacte materialmente la deuda, la liquidez o los resultados operativos de TransUnion en 2025.
TransUnion (NYSE:TRU)은 2021년에 최초의 30% 지분을 인수한 후, Monevo의 남은 70% 지분을 인수하기 위한 최종 계약을 발표했습니다. Monevo의 플랫폼은 150개 이상의 은행과 신용 제공자를 비교 웹사이트 및 온라인 브랜드와 연결하여 주로 영국과 미국 시장에서 개인화된 신용 제안을 가능하게 합니다.
이 플랫폼은 여러 이해관계자에게 이점을 제공합니다: 소비자는 신용 점수에 영향을 미치지 않으면서 신용 승인 가능성을 확인할 수 있으며, 발행자는 개인화된 참여를 통해 더 높은 전환율을 얻고, 대출자는 소비자 경험을 향상시키면서 인수 비용을 최적화할 수 있습니다. 인수는 2025년 2분기까지 완료될 것으로 예상되며, 기존의 현금으로 자금을 지원할 것이며 TransUnion의 레버리지, 유동성 또는 2025년 운영 결과에 중대한 영향을 미치지 않을 것으로 보입니다.
TransUnion (NYSE:TRU) a annoncé un accord définitif pour acquérir les 70% restants de Monevo, une plateforme britannique de préqualification et de distribution de crédit, après avoir acquis un premier 30% en 2021. La plateforme de Monevo relie plus de 150 banques et fournisseurs de crédit avec des sites de comparaison et des marques en ligne, permettant des offres de crédit personnalisées principalement sur les marchés du Royaume-Uni et des États-Unis.
La plateforme bénéficie à de multiples parties prenantes : les consommateurs peuvent vérifier la probabilité d'approbation de crédit sans impact sur leurs scores de crédit, les éditeurs obtiennent des taux de conversion plus élevés grâce à un engagement personnalisé, et les prêteurs peuvent optimiser les coûts d'acquisition tout en améliorant l'expérience client. L'acquisition, qui devrait être finalisée d'ici le deuxième trimestre 2025, sera financée par des liquidités existantes et ne devrait pas affecter de manière significative l'endettement, la liquidité ou les résultats d'exploitation de TransUnion pour 2025.
TransUnion (NYSE:TRU) hat eine endgültige Vereinbarung zur Übernahme der verbleibenden 70% der Anteile an Monevo angekündigt, einer UK-basierten Plattform für die Vorqualifizierung und Verteilung von Krediten, nachdem im Jahr 2021 zunächst 30% erworben wurden. Die Plattform von Monevo verbindet über 150 Banken und Kreditgeber mit Vergleichswebsites und Online-Marken und ermöglicht personalisierte Kreditangebote, hauptsächlich auf den Märkten des Vereinigten Königreichs und der USA.
Die Plattform kommt mehreren Stakeholdern zugute: Verbraucher können die Wahrscheinlichkeit einer Kreditgenehmigung überprüfen, ohne ihre Kreditwürdigkeit zu beeinträchtigen, Verlage erzielen höhere Konversionsraten durch personalisierte Ansprache, und Kreditgeber können die Akquisitionskosten optimieren und gleichzeitig das Kundenerlebnis verbessern. Die Übernahme wird bis zum zweiten Quartal 2025 abgeschlossen sein und mit vorhandenen liquiden Mitteln finanziert, was voraussichtlich keine wesentlichen Auswirkungen auf die Verschuldung, Liquidität oder die Betriebsergebnisse von TransUnion im Jahr 2025 haben wird.
- Strategic expansion in credit prequalification services
- Access to Monevo's network of 150+ banks and credit providers
- Transaction to be funded with existing cash-on-hand
- No material impact on company's leverage or liquidity
- None.
Insights
TransUnion's strategic acquisition of Monevo represents a significant advancement in their credit distribution capabilities. The deal enhances TRU's competitive position in the prequalification technology space, particularly important as digital lending continues to grow. Already owning 30% since 2021, this full acquisition demonstrates successful proof-of-concept and confidence in Monevo's platform.
The technology's value proposition is compelling - it serves as a important middleware connecting over 150 banks and credit providers with comparison websites, creating a more efficient credit marketplace. This acquisition strengthens TransUnion's position in the lending ecosystem, potentially generating new revenue streams through increased transaction volumes and data monetization.
From a market perspective, this move aligns with the growing trend of embedded finance and the shift toward digital-first lending experiences. The integration should drive operational synergies and enhance TransUnion's ability to capture market share in the rapidly expanding digital lending space.
This acquisition strategically positions TransUnion in the high-growth digital lending market, particularly in the UK and US markets. The deal's structure - using cash on hand without materially impacting leverage - indicates strong financial planning and minimal risk to the balance sheet.
The timing is particularly noteworthy as consumers increasingly demand instant, personalized credit decisions. Monevo's platform addresses a critical market need by reducing friction in the lending process while protecting consumer credit scores - a growing concern among credit-conscious consumers.
The transaction's expected closing by Q2 2025 and immaterial impact on operating results suggests careful integration planning. While specific terms aren't disclosed, the acquisition's strategic value lies in its potential to accelerate TransUnion's direct-to-consumer business growth and enhance its competitive position against other credit reporting agencies.
The acquisition meets growing demand for personalized credit experiences online
CHICAGO, Jan. 08, 2025 (GLOBE NEWSWIRE) -- TransUnion (NYSE:TRU) has signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform that empowers lenders and banks to deliver highly personalized credit offers to consumers via comparison websites and other third parties. TransUnion currently owns
“We are committed to making trust possible in global commerce by ensuring consumers and organizations can transact with confidence,” said Todd Skinner, President, International, TransUnion. “Prequalification is an integral part of the consumer lending process. It drives financial inclusion and responsible lending by helping consumers find more suitable products in less time.”
Monevo enables comparison websites and other online brands known as publishers to embed highly personalized credit offers, predominately in the U.K. and U.S. markets. Working with over 150 banks and credit providers globally, it provides centralized technology and decisioning infrastructure which integrates lenders and publishers, allowing them to deliver better outcomes for consumers searching for credit online. Those consumers are able to see the likelihood of being approved for credit products before applying with lenders, saving time and removing unnecessary searches which potentially adversely impact their credit scores.
“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,” said Greg Cox, CEO of Quint Group and Monevo. “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.”
Consumers, publishers and lenders all benefit from improved experiences and economics by using Monevo’s platform. Consumers experience a more compelling and personalized online credit shopping experience, receiving highly-tailored offers without impacting their credit score. Publishers gain the tools to win lender trust and delight consumers with more personalized engagement and successfully matched offers, leading to higher conversion rates. Lenders can minimize adverse selection and optimize acquisition costs while delivering an improved consumer experience for their brand.
“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,” said Steve Chaouki, President, U.S. Markets, TransUnion. “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.”
The terms of the transaction are not being disclosed. The transaction is expected to be funded with existing cash-on-hand and not to have a material impact on leverage, liquidity or TransUnion’s 2025 operating results. The transaction is expected to close by Q2 2025, subject to the satisfaction of customary closing conditions and regulatory approvals.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business
About Monevo
Monevo is a multi-award-winning credit technology business, focused on improving access to credit. Monevo’s next generation platform and API empowers over 150 lenders and banks globally to seamlessly distribute & embed highly personalised credit offers through third party comparison websites and apps. Until completion of the acquisition announced today, Monevo is part of Quint Group. Monevo is headquartered in the UK and currently operates in the UK, US and Australia.
TransUnion Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of TransUnion’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. These statements often include words such as “anticipate,” “expect,” “guidance,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “outlook,” “potential,” “continues,” “seeks,” “predicts,” or the negatives of these words and other similar expressions.
Factors that could cause actual results to differ materially from those described in the forward-looking statements include: failure to realize the synergies and other benefits expected from the proposed acquisition of Monevo; the risk that required regulatory approvals are not obtained or are obtained subject to conditions that are not anticipated; the failure of any of the closing conditions in the definitive purchase agreement to be satisfied on a timely basis or at all; delay in closing the proposed acquisition; the possibility that the proposed acquisition, including the integration of Monevo, may be more costly to complete than anticipated; business disruption during the pendency of the proposed acquisition and following the acquisition closing; risks related to disruption of management time from ongoing business operations and other opportunities due to the proposed acquisition; the effects of pending and future legislation and regulatory actions and reforms; macroeconomic and industry trends and adverse developments in the debt, consumer credit and financial services markets and other macroeconomic factors beyond TransUnion’s control; risks related to TransUnion’s indebtedness, including our ability to make timely payments of principal and interest and our ability to satisfy covenants in the agreements governing our indebtedness; and other one-time events and other factors that can be found in our Annual Report on Form 10-K for the year ended December 31, 2023, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are filed with the Securities and Exchange Commission and are available on TransUnion’s website (www.transunion.com/tru) and on the Securities and Exchange Commission’s website (www.sec.gov). Many of these factors are beyond our control. The forward-looking statements contained in this press release speak only as of the date of this press release. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this press release.
Contact Dave Blumberg
Email david.blumberg@transunion.com
Telephone 312-972-6646
FAQ
When will TransUnion (TRU) complete the Monevo acquisition?
How much of Monevo did TransUnion (TRU) already own before this acquisition?
How many financial institutions are connected to Monevo's platform?
Will the Monevo acquisition impact TransUnion's (TRU) 2025 operating results?
How is TransUnion (TRU) financing the Monevo acquisition?
