TransUnion Completes Acquisition of Credit Prequalification and Distribution Platform Monevo
TransUnion (NYSE:TRU) has completed its acquisition of Monevo, a UK-based credit prequalification and distribution platform, from Quint Group TransUnion previously held a 30% minority stake acquired in 2021. Monevo's platform connects over 150 banks and credit providers with comparison websites, enabling personalized credit offers primarily in UK and US markets.
The platform allows consumers to check their credit approval likelihood without impacting their credit scores. The acquisition aims to enhance TransUnion's portfolio and lending proposition, supporting their mission of making trust possible in global commerce.
The transaction was funded through existing cash-on-hand and is not expected to materially impact TransUnion's leverage, liquidity, or 2025 operating results. Financial terms were not disclosed.
TransUnion (NYSE:TRU) ha completato l'acquisizione di Monevo, una piattaforma britannica di prequalificazione e distribuzione del credito, da Quint Group. TransUnion deteneva precedentemente una partecipazione di minoranza del 30% acquisita nel 2021. La piattaforma di Monevo connette oltre 150 banche e fornitori di credito con siti web di confronto, consentendo offerte di credito personalizzate principalmente nei mercati del Regno Unito e degli Stati Uniti.
La piattaforma permette ai consumatori di verificare la probabilità di approvazione del credito senza influenzare i loro punteggi di credito. L'acquisizione mira a migliorare il portafoglio e la proposta di prestiti di TransUnion, sostenendo la loro missione di rendere possibile la fiducia nel commercio globale.
La transazione è stata finanziata tramite liquidità esistente e non si prevede che influisca materialmente sulla leva finanziaria, sulla liquidità o sui risultati operativi di TransUnion nel 2025. I termini finanziari non sono stati divulgati.
TransUnion (NYSE:TRU) ha completado la adquisición de Monevo, una plataforma de pre-calificación y distribución de crédito con sede en el Reino Unido, de Quint Group. TransUnion anteriormente poseía una participación minoritaria del 30% adquirida en 2021. La plataforma de Monevo conecta a más de 150 bancos y proveedores de crédito con sitios web de comparación, permitiendo ofertas de crédito personalizadas principalmente en los mercados del Reino Unido y Estados Unidos.
La plataforma permite a los consumidores verificar la probabilidad de aprobación de su crédito sin afectar sus puntajes de crédito. La adquisición tiene como objetivo mejorar la cartera y la propuesta de préstamos de TransUnion, apoyando su misión de hacer posible la confianza en el comercio global.
La transacción fue financiada a través de efectivo disponible y no se espera que impacte materialmente la deuda, liquidez o resultados operativos de TransUnion en 2025. No se divulgaron los términos financieros.
TransUnion (NYSE:TRU)은 Monevo를 인수했습니다. Monevo는 영국에 본사를 둔 신용 사전 승인 및 배급 플랫폼으로, Quint Group으로부터 인수하였습니다. TransUnion은 이전에 2021년에 인수한 30%의 소수 지분을 보유하고 있었습니다. Monevo의 플랫폼은 150개 이상의 은행과 신용 제공업체를 비교 사이트와 연결하여 주로 영국과 미국 시장에서 개인화된 신용 제안을 가능하게 합니다.
이 플랫폼은 소비자들이 신용 점수에 영향을 주지 않고 신용 승인 가능성을 확인할 수 있게 합니다. 이 인수는 TransUnion의 포트폴리오와 대출 제안을 강화하여 글로벌 상거래에서 신뢰를 가능하게 하려는 그들의 사명을 지원하는 것을 목표로 하고 있습니다.
이번 거래는 기존 현금을 통해 자금이 조달되었으며, TransUnion의 레버리지, 유동성 또는 2025년 운영 결과에 실질적인 영향을 미치지 않을 것으로 예상됩니다. 재무 조건은 공개되지 않았습니다.
TransUnion (NYSE:TRU) a finalisé l'acquisition de Monevo, une plateforme britannique de préqualification et de distribution de crédit, auprès de Quint Group. TransUnion détenait auparavant une participation minoritaire de 30 % acquise en 2021. La plateforme de Monevo connecte plus de 150 banques et fournisseurs de crédit avec des sites de comparaison, permettant des offres de crédit personnalisées principalement sur les marchés britannique et américain.
La plateforme permet aux consommateurs de vérifier leur probabilité d'approbation de crédit sans impacter leurs scores de crédit. L'acquisition vise à améliorer le portefeuille et la proposition de prêt de TransUnion, soutenant leur mission de rendre la confiance possible dans le commerce mondial.
La transaction a été financée par des liquidités existantes et ne devrait pas avoir d'impact matériel sur l'endettement, la liquidité ou les résultats opérationnels de TransUnion en 2025. Les conditions financières n'ont pas été divulguées.
TransUnion (NYSE:TRU) hat die Übernahme von Monevo, einer in Großbritannien ansässigen Plattform zur Kreditvorqualifizierung und -verteilung, von Quint Group abgeschlossen. TransUnion hielt zuvor eine 30%ige Minderheitsbeteiligung, die 2021 erworben wurde. Die Plattform von Monevo verbindet über 150 Banken und Kreditgeber mit Vergleichswebsites und ermöglicht personalisierte Kreditangebote, hauptsächlich auf den Märkten im Vereinigten Königreich und in den USA.
Die Plattform ermöglicht es Verbrauchern, die Wahrscheinlichkeit einer Kreditgenehmigung zu überprüfen, ohne ihre Kreditwürdigkeit zu beeinträchtigen. Die Übernahme zielt darauf ab, das Portfolio und das Kreditangebot von TransUnion zu verbessern und ihre Mission zu unterstützen, Vertrauen im globalen Handel möglich zu machen.
Die Transaktion wurde durch vorhandenes Bargeld finanziert und wird voraussichtlich keine wesentlichen Auswirkungen auf die Verschuldung, Liquidität oder die Betriebsergebnisse von TransUnion im Jahr 2025 haben. Die finanziellen Bedingungen wurden nicht bekannt gegeben.
- Strengthens TransUnion's credit prequalification capabilities and market position
- Integration with 150+ banks and credit providers expands service offering
- No material impact on leverage or liquidity using existing cash for funding
- Expands presence in key UK and US markets
- Financial terms not disclosed, limiting transparency for investors
Insights
TransUnion's completed acquisition of Monevo represents a strategic expansion of their credit services ecosystem. After previously holding 30% equity since 2021, this full acquisition indicates TransUnion is strengthening its position in the credit prequalification space – a critical touchpoint in the consumer lending journey.
The deal enhances TransUnion's value proposition in two key directions: upstream to lenders and downstream to consumers. By integrating Monevo's platform, which works with over 150 banks and credit providers globally, TransUnion gains significant distribution capabilities through comparison websites and third-party publishers.
From a financial perspective, the acquisition was funded through existing cash-on-hand and explicitly noted as not having a material impact on TransUnion's leverage, liquidity, or 2025 operating results. This suggests the acquisition price was relatively modest compared to TransUnion's
The strategic value lies in vertical integration – moving beyond just providing credit data to facilitating the actual matching process between consumers and lenders. This positions TransUnion deeper in the credit information value chain while addressing the growing trend of consumers seeking personalized credit offers online without risking unnecessary hard inquiries on their credit profiles.
The acquisition meets growing demand for personalized credit experiences online
CHICAGO, April 01, 2025 (GLOBE NEWSWIRE) -- TransUnion (NYSE:TRU) today announced the completion of the acquisition of Monevo from Quint Group Limited. The news follows January’s announcement that TransUnion had 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 had previously held
“We are delighted to welcome Monevo into the TransUnion family,” said Steve Chaouki, President, U.S. Markets, TransUnion. “We anticipate that Monevo’s platform will enhance our portfolio and our proposition to lenders. Prequalification, or eligibility, is critical to the consumer lending process, which supports our mission to make trust possible in global commerce and helps us to deliver on our wider goal of using Information for Good®.”
Monevo’s platform enables comparison websites and other online brands known as publishers to embed highly personalized credit offers, predominantly in the U.K. and U.S. markets. Working with over 150 banks and credit providers globally, Monevo’s centralized technology and decisioning infrastructure integrates lenders and publishers, allowing them to deliver better 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, instilling confidence and removing unnecessary searches that have the potential to impact their credit scores adversely.
“Monevo’s proposition enables credit distribution for some of the world's largest banks and lenders, supporting our aim to improve access to credit for consumers,” said Madhu Kejriwal, Regional President, TransUnion U.K. & Europe. “We expect that the acquisition will further enable publishers and lenders to benefit from improved economics, while consumers experience a more compelling and personalized online credit shopping experience – receiving tailored offers that won’t impact their credit scores.”
“Today Monevo powers credit distribution for some of the world’s largest banks and lenders, achieved through a world-class technology platform and powerful, mutually beneficial relationships in both the U.S. and U.K. markets,” said Greg Cox, Founder & CEO of Quint Group and Monevo. “This acquisition is the natural next step for Monevo. With TransUnion, we expect that the business will be able to leverage new resources and access new markets, allowing it to continue to realise its potential and improve access to credit on a global scale.”
The terms of the transaction have not been disclosed. The transaction 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.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries, including the United Kingdom. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this by providing 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.
For more information, visit www.transunion.com
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 realise the synergies and other benefits expected from the acquisition of Monevo; the possibility that the acquisition, including the integration of Monevo, may be more costly to complete than anticipated; business disruption following the acquisition closing; risks related to disruption of management time from ongoing business operations and other opportunities due to the 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, 2024, 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 TransUnion |
| david.blumberg@transunion.com | |
| Telephone | 312-972-6646 |
FAQ
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