Financial

TransUnion (NYSE: TRU) Completes Acquisition of Monevo, Expanding Credit Prequalification and Distribution Platform

Tue 01 Apr 25, 11:14 AM |

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Highlights

TransUnion (NYSE: TRU) has completed the acquisition of Monevo, a U.K.-based credit prequalification and distribution platform. Monevo’s platform helps lenders and banks deliver personalized credit offers to consumers through comparison websites and third-party publishers. The acquisition follows a January announcement of the definitive agreement and marks the completion of a transaction where TransUnion had already held a 30% equity stake in Monevo since 2021.

Monevo’s platform integrates over 150 global banks and credit providers, offering consumers the ability to prequalify for credit products before applying. This prequalification process helps consumers assess their likelihood of approval without affecting their credit scores, thus improving their credit shopping experience. The platform is particularly prevalent in the U.K. and U.S., where it serves as a tool for consumers to compare various credit offers and make more informed financial decisions.

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