b2b-daily
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

Closing the Feedback Gap Helps Retain Top Talent
February 27, 2026

The silent departure of a high-performing employee often begins months before any formal resignation is submitted, usually triggered by a persistent lack of meaningful dialogue with their immediate supervisor. This communication breakdown represents a critical vulnerability for modern organizations. When talented individuals perceive that their professional growth and daily contributions are being ignored, the psychological contract between the employer and

Employment Design Becomes a Key Competitive Differentiator
February 27, 2026

The modern professional landscape has transitioned into a state where organizational agility and the intentional design of the employment experience dictate which firms thrive and which ones merely survive. While many corporations spend significant energy on external market fluctuations, the real battle for stability occurs within the structural walls of the office environment. Disruption has shifted from a temporary inconvenience

How Is AI Shifting From Hype to High-Stakes B2B Execution?
February 27, 2026

The subtle hum of algorithmic processing has replaced the frantic manual labor that once defined the marketing department, signaling a definitive end to the era of digital experimentation. In the current landscape, the novelty of machine learning has matured into a standard operational requirement, moving beyond the speculative buzzwords that dominated previous years. The marketing industry is no longer occupied

Why B2B Marketers Must Focus on the 95 Percent of Non-Buyers
February 27, 2026

Most executive suites currently operate under the delusion that capturing a lead is synonymous with creating a customer, yet this narrow fixation systematically ignores the vast ocean of potential revenue waiting just beyond the immediate horizon. This obsession with immediate conversion creates a frantic environment where marketing departments burn through budgets to reach the tiny sliver of the market ready

How Will GitProtect on Microsoft Marketplace Secure DevOps?
February 27, 2026

The modern software development lifecycle has evolved into a delicate architecture where a single compromised repository can effectively paralyze an entire global enterprise overnight. Software engineering is no longer just about writing logic; it involves managing an intricate ecosystem of interconnected cloud services and third-party integrations. As development teams consolidate their operations within these environments, the primary source of truth—the