TransUnion finalizes acquisition of Monevo

CHICAGO - TransUnion (NYSE:TRU), the $16.2 billion market cap information and insights company, has completed its acquisition of Monevo, a credit prequalification and distribution platform, from Quint Group Limited, the company announced Today. According to InvestingPro data, TransUnion maintains impressive gross profit margins of 60% and is currently trading slightly below its Fair Value. The acquisition, which follows a definitive agreement signed in January, sees TransUnion taking full ownership of Monevo after previously acquiring a 30% equity stake in 2021.

Monevo operates predominantly in the U.K. and U.S. markets, working with over 150 banks and credit providers globally. Its technology facilitates the delivery of personalized credit offers to consumers through comparison websites and other third-party platforms, without negatively impacting consumers’ credit scores. With annual revenue of $4.2 billion and strong liquidity metrics, TransUnion appears well-positioned to integrate this acquisition. For detailed analysis and additional insights, investors can access TransUnion’s comprehensive Pro Research Report, available exclusively on InvestingPro.

Steve Chaouki, President of U.S. Markets at TransUnion, stated that the acquisition aligns with the company’s mission to make trust possible in global commerce by enhancing their portfolio and proposition to lenders. Madhu Kejriwal, Regional President of TransUnion U.K. & Europe, expects the acquisition to improve credit access for consumers and benefit publishers and lenders economically.

Greg Cox, Founder & CEO of Quint Group and Monevo, expressed confidence that the acquisition by TransUnion will enable Monevo to leverage new resources and access new markets, thus realizing its potential on a global scale.

The financial terms of the transaction have not been made public. However, the purchase was funded with existing cash reserves and is not expected to materially impact TransUnion’s leverage, liquidity, or operating results for the year 2025. This aligns with the company’s strong financial position, as InvestingPro data shows liquid assets exceeding short-term obligations, with analysts expecting net income growth this year.

TransUnion, a global information and insights company, operates in over 30 countries with more than 13,000 associates. The company aims to provide a comprehensive view of consumers to facilitate economic opportunities and personal empowerment.

This news is based on a press release statement from TransUnion.

In other recent news, TransUnion reported its fourth-quarter 2024 earnings, surpassing expectations with earnings per share of $0.97 against a forecast of $0.96, and revenue reaching $1.04 billion compared to the anticipated $1.03 billion. This marks the company’s fifth consecutive quarter of exceeding revenue and adjusted EBITDA guidance, with a 9% revenue growth on an organic constant currency basis. Additionally, TransUnion has appointed Mohamed Abdelsadek as Executive Vice President and Chief Global Solutions Officer, focusing on strategy and innovation for global product portfolios. The company also named Tiffani Chambers as the new Executive Vice President and Chief Operations Officer, bringing extensive experience from Bank of America and other financial institutions. RBC Capital Markets shared insights from the RBC Financials conference, highlighting TransUnion’s stable lending volumes and positive outlook from larger FinTechs, expecting a revenue growth reacceleration in India. Furthermore, TransUnion launched a freemium credit management platform with Credit Sesame, reflecting its strategic initiatives in technology modernization and international expansion.

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