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 is LinkedIn the Go-To for B2B Advertising Success?
June 27, 2025

In an era where digital advertising is fiercely competitive, LinkedIn emerges as a leading platform for B2B marketing success due to its expansive user base and unparalleled targeting capabilities. With over a billion users, LinkedIn provides marketers with a unique avenue to reach decision-makers and generate high-quality leads. The platform allows for strategic communication with key industry figures, a crucial

Endpoint Threat Protection Market Set for Strong Growth by 2034
June 27, 2025

As cyber threats proliferate at an unprecedented pace, the Endpoint Threat Protection market emerges as a pivotal component in the global cybersecurity fortress. By the close of 2034, experts forecast a monumental rise in the market’s valuation to approximately US$ 38 billion, up from an estimated US$ 17.42 billion. This analysis illuminates the underlying forces propelling this growth, evaluates economic

How Will ICP’s Solana Integration Transform DeFi and Web3?
June 27, 2025

The collaboration between the Internet Computer Protocol (ICP) and Solana is poised to redefine the landscape of decentralized finance (DeFi) and Web3. Announced by the DFINITY Foundation, this integration marks a pivotal step in advancing cross-chain interoperability. It follows the footsteps of previous successful integrations with Bitcoin and Ethereum, setting new standards in transactional speed, security, and user experience. Through

Embedded Finance Ecosystem – A Review
June 27, 2025

In the dynamic landscape of fintech, a remarkable shift is underway. Embedded finance is taking the stage as a transformative force, marking a significant departure from traditional financial paradigms. This evolution allows financial services such as payments, credit, and insurance to seamlessly integrate into non-financial platforms, unlocking new avenues for service delivery and consumer interaction. This review delves into the

Certificial Launches Innovative Vendor Management Program
June 27, 2025

In an era where real-time data is paramount, Certificial has unveiled its groundbreaking Vendor Management Partner Program. This initiative seeks to transform the cumbersome and often error-prone process of insurance data sharing and verification. As a leader in the Certificate of Insurance (COI) arena, Certificial’s Smart COI Network™ has become a pivotal tool for industries relying on timely insurance verification.