Quint Group announces sale of Monevo to TransUnion

ALDERLEY EDGE, Wednesday, 08 January 2025

Quint Group has signed an agreement to sell its majority ownership stake in Monevo to global insights and information company TransUnion. The acquisition follows the acquisition of a minority stake by TransUnion in October 2021.

Monevo is a multi-award-winning credit technology business focused on improving access to credit.  Monevo’s next-generation platform and API empowers over 150 banks and credit providers globally to seamlessly distribute and embed highly personalised credit offers through third-party comparison websites and apps. 

“I founded Monevo to improve access to credit for consumers through technology, and today it is powering credit distribution for some of the world's largest banks and lenders,” said Greg Cox, CEO of Quint Group and Monevo. “This acquisition is the natural next step in Monevo's future growth and success, and will unlock new opportunities to innovate by uniting these two complementary businesses, whose values are already strongly aligned.”

“We are committed to making trust possible in global commerce by ensuring consumers and organisations can transact with confidence,” said Todd Skinner, President, International, TransUnion. “Prequalification, or eligibility, is an integral part of the consumer lending process. It drives financial inclusion and responsible lending by helping consumers find more suitable products in less time.”

Monevo was founded in 2016 and currently operates in the UK, US and Australia. Monevo solves key issues within consumer credit, by providing the centralised technology infrastructure which allows consumers to see the likelihood of being approved for credit products before applying with lenders. This saves consumers time and removes unnecessary searches that adversely impact their credit scores. 

The transaction is subject to the satisfaction of customary closing conditions and regulatory approvals and is expected to close in Q2 2025.