TransUnion has completed its acquisition of UK-based credit prequalification and distribution platform Monevo from Quint Group Ltd. The deal, first announced in January, was funded through TransUnion’s existing cash reserves. Financial terms have not been disclosed.
Monevo’s platform connects lenders, banks, and comparison websites to provide personalised credit offers to consumers in the UK and US. It works with over 150 banks and credit providers globally, integrating lenders and publishers to improve credit distribution efficiency.
TransUnion, which previously held a 30% stake in Monevo following a minority investment in 2021, expects the acquisition to strengthen its position in the consumer lending market. The company sees prequalification as a key tool for improving credit access while minimising unnecessary credit searches that could affect consumers’ credit scores.
The acquisition aligns with TransUnion’s strategy to enhance its offerings for lenders and publishers, enabling them to provide tailored credit options with improved economics. Monevo will gain access to additional resources and markets under TransUnion’s ownership.
Legal advisors on the transaction included Jonathan Ross and Harry Hobson from Squire Patton Boggs.
