b2b-daily
Search
Close this search box.
Search
Close this search box.
Home | FinTech | Digital Lending / Digital Payments

TransUnion to Acquire Monevo, Expanding Global Consumer Credit Platform

Avatar photo
by Mikhail Hamilton
January 9, 2025
TransUnion to Acquire Monevo, Expanding Global Consumer Credit Platform

TransUnion has recently announced a significant move that marks its continued expansion in the global consumer credit market by entering into a definitive agreement to acquire Monevo, a personal credit platform and API provider. This acquisition, pending regulatory approval, is expected to be finalized by the second quarter of 2025, although the financial terms of the deal remain undisclosed. This strategic move comes after TransUnion’s 2021 purchase of a 30% minority stake in Monevo, an initial step that has now culminated in the full acquisition aimed at enhancing their partnership and addressing gaps in the consumer experience. According to Steve Chaouki, president of U.S. markets at TransUnion, this acquisition will empower the company to deliver high-quality credit offers at scale with minimal partner support, a crucial advantage in today’s competitive market.

Strategic Global Expansion

By acquiring Monevo, TransUnion aims to significantly boost its operational presence in key international markets such as the UK, US, Poland, and Australia. The expansion will be financed using TransUnion’s existing cash reserves, ensuring the acquisition does not affect the company’s leverage, liquidity, or projected operating results for 2025. This acquisition aligns with TransUnion’s strategic goals, which have recently been reinforced by appointing Madhusudan Kejriwal as CEO for its UK operations. Additionally, TransUnion is expanding its direct-to-consumer initiatives in the US, with updates expected in the coming quarters. All these efforts aim to reinforce TransUnion’s position as a leading global information and insights company, striving to serve a wider customer base with improved credit solutions and enhanced customer experiences.

In summary, TransUnion’s acquisition of Monevo marks a significant milestone in its journey to becoming a top global player in the information and insights sector. The integration of Monevo’s robust platform is expected to provide synergistic benefits, enhancing TransUnion’s innovative consumer credit solutions. This move demonstrates TransUnion’s ongoing commitment to innovation and excellence.

Innovation

Explore more

Why Are Small Businesses Losing Confidence in Marketing?
September 8, 2025

In the ever-evolving landscape of commerce, small and mid-sized businesses (SMBs) globally are grappling with a perplexing challenge: despite pouring more time, energy, and resources into marketing, their confidence in achieving impactful results is waning, and recent findings reveal a stark reality where only a fraction of these businesses feel assured about their strategies. Many struggle to measure success or

How Are AI Agents Revolutionizing Chatbot Marketing?
September 8, 2025

In an era where digital interaction shapes customer expectations, Artificial Intelligence (AI) is fundamentally altering the landscape of chatbot marketing with unprecedented advancements. Once limited to answering basic queries through rigid scripts, chatbots have evolved into sophisticated AI agents capable of managing intricate workflows and delivering seamless engagement. Innovations like Silverback AI Chatbot’s updated framework exemplify this transformation, pushing the

How Does Klaviyo Lead AI-Driven B2C Marketing in 2025?
September 8, 2025

In today’s rapidly shifting landscape of business-to-consumer (B2C) marketing, artificial intelligence (AI) has emerged as a pivotal force, reshaping how brands forge connections with their audiences. At the forefront of this transformation stands Klaviyo, a marketing platform that has solidified its reputation as an industry pioneer. By harnessing sophisticated AI technologies, Klaviyo enables companies to craft highly personalized customer experiences,

How Does Azure’s Trusted Launch Upgrade Enhance Security?
September 8, 2025

In an era where cyber threats are becoming increasingly sophisticated, businesses running workloads in the cloud face constant challenges in safeguarding their virtual environments from advanced attacks like bootkits and firmware exploits. A significant step forward in addressing these concerns has emerged with a recent update from Microsoft, introducing in-place upgrades for a key security feature on Azure Virtual Machines

How Does Digi Power X Lead with ARMS 200 AI Data Centers?
September 8, 2025

In an era where artificial intelligence is reshaping industries at an unprecedented pace, the demand for robust, reliable, and scalable data center infrastructure has never been higher, and Digi Power X is stepping up to meet this challenge head-on with innovative solutions. This NASDAQ-listed energy infrastructure company, under the ticker DGXX, recently made headlines with a groundbreaking achievement through its