TransUnion completes acquisition of Monevo   

TransUnion announced the completion of the acquisition of Monevo from Quint Group. 

Monevo’s platform enables comparison websites and other online brands known as publishers to embed highly personalised credit offers.

Steve Chaouki, President, U.S. Markets, TransUnion said “We are delighted to welcome Monevo into the TransUnion family.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.”  

Madhu Kejriwal, Regional President, TransUnion U.K. & Europe said “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.

“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.”    

Greg Cox, Founder & CEO of Quint Group and Monevo said “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.

“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.

“Monevo’s sale is a proud moment for me  over the past nine years we’ve built a business which has transformed how consumers access credit globally. We’ve helped more than 20 million people find the right credit product for them, generating revenues of over $300M in the process. This sale validates Quint Group’s ability to build, scale and successfully exit highly valuable fintech businesses.”