TransUnion signs definitive agreement to acquire Quint Group’s Monevo
TransUnion has signed a definitive agreement to acquire Quint Group subsidiary Monevo in a cash deal expected to close in Q2 2025. Financial terms have not been disclosed.
TransUnion inks Monevo acquisition deal
Founded in 2009, Monevo operates a personal credit platform and API that enables banks, credit unions and other lenders to host, manage and distribute credit offers via comparison websites.
This acquisition builds upon TransUnion’s 2021 purchase of a 30% minority stake in Monevo’s equity, and will further enhance a partnership that, according to Steve Chaouki, president of US markets at TransUnion, has already “helped address gaps in the consumer experience”.
Pending regulatory approval, Chaouki adds that the acquisition aims to deliver “high-quality offers at scale with minimal support needed from our partners”.
The deal is also expected to benefit TransUnion’s position as a global information and insights company, given Monevo’s operations across the UK and US predominantly, as well as Poland and Australia.
TransUnion expects the acquisition, funded through existing cash-on-hand, to have no material impact on its leverage, liquidity or its 2025 operating results.
Headquartered in Chicago, TransUnion previously reinforced its presence in the UK and Europe with the appointment of Madhusudan Kejriwal to CEO in October. Kejriwal moved from HSBC, where he was most recently group head of cards and personal lending.
Elsewhere, Chaouki claims the company is making “good progress on broadening our value proposition and go-to-market strategy in the direct-to-consumer business in the US”, with further updates expected “in the coming quarters”.
