TransUnion has completed the acquisition of credit prequalification and distribution platform, Monevo, from Quint Group.

Monevo’s platform empowers lenders and banks to deliver personalised credit offers to consumers via comparison websites and other third parties.

TransUnion confirmed in January that it had signed a definitive agreement to acquire Monevo for an undisclosed amount, after the credit reference agency had previously held 30% of the equity of Monevo having acquired a minority stake in 2021.

The transaction was funded via existing cash-on-hand and TransUnion stated that it would not have a material impact on leverage, liquidity or its 2025 operating results.

Working with over 150 banks and credit providers globally, Monevo’s technology and decisioning infrastructure integrates lenders and publishers, allowing them to deliver better outcomes to consumers who are searching online for credit offers.

“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,” commented regional president at TransUnion UK & Europe, Madhu Kejriwal.

“We expect that the acquisition will further enable publishers and lenders to benefit from improved economics, while consumers experience a more compelling and personalised online credit shopping experience – receiving tailored offers that won’t impact their credit scores.”

Founder and CEO of Quint Group and Monevo, Greg Cox, added: “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.”

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