TransUnion Announces Agreement to Acquire Financial Technology Company Monevo, a Credit Prequalification and Distribution Platform

Acquisition Overview - TransUnion has signed a definitive agreement to acquire Monevo, a UK-based credit prequalification and distribution platform, to enhance personalized credit experiences online [1] - TransUnion currently owns 30% of Monevo's equity and will acquire the remaining ownership from Quint Group Limited [1] - The transaction is expected to close by Q2 2025, subject to customary closing conditions and regulatory approvals [4] Strategic Rationale - The acquisition aligns with TransUnion's commitment to enabling trust in global commerce by improving consumer and organizational transaction confidence [2] - Monevo's platform integrates lenders and publishers, providing centralized technology and decisioning infrastructure to deliver better outcomes for consumers searching for credit online [2] - The acquisition is seen as a natural next step for Monevo's growth, unlocking new opportunities for innovation by combining complementary businesses [3] Market Impact - Monevo operates primarily in the UK and US markets, enabling over 150 banks and credit providers to deliver highly personalized credit offers through comparison websites and apps [2][6] - Consumers benefit from a more personalized online credit shopping experience without impacting their credit scores, while publishers and lenders gain tools to improve engagement and conversion rates [3] Financial and Operational Details - The transaction will be funded with existing cash-on-hand and is not expected to materially impact TransUnion's leverage, liquidity, or 2025 operating results [4] - TransUnion and Monevo have a three-year partnership history, addressing gaps in the consumer experience and planning to deliver high-quality offers at scale with minimal partner support [4] Company Backgrounds - TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries, focusing on credit, marketing, fraud, risk, and advanced analytics [5] - Monevo is a multi-award-winning credit technology business headquartered in the UK, operating in the UK, US, and Australia, and empowering over 150 lenders and banks globally [6]