18 October 2021
We have advised Quint Group on the sale of a minority stake in Monevo Limited to TransUnion LLC, a leading global insights and data firm.
This investment will provide the foundation of a global partnership with TransUnion and support Monevo in building on its market leading position in the UK and accelerating growth in the US and other international markets.
Monevo, a subsidiary of Quint Group, is a multi-award winning B2BC personal credit platform. Operating primarily in the UK and US, as well as Poland and Australia, it is used by over 100 lenders and banks globally to distribute personal loans and credit cards. Monevo provides the infrastructure, technology, decisioning and relationships to facilitate a highly complex global personal credit marketplace that connects consumers with lenders.
Based in the UK with a presence in the USA, Poland, China, South Africa and Australia, Quint Group is a leading fintech group focused on improving access to credit. The Group owns and operates a portfolio of mutually beneficial and strategically aligned financial technology businesses in the consumer finance market.
Commenting on the transaction, Ronald Graham, Partner Taylor Wessing LLP said: "Monevo is leading the way in empowering consumers to make better credit decisions and this partnership with TransUnion will further enable it to realise its substantial growth potential. We are proud to work with the most innovative companies across different sectors and look forward to continuing our support of Quint and Monevo and seeing what they achieve in their next phase."
Greg Cox, CEO of Quint Group and Monevo, added: "Monevo's mission has always been to improve access to credit by powering credit distribution globally and this investment represents a significant step in our strategic journey. We'd like to thank the Taylor Wessing team for their invaluable support and the considerable sector expertise they demonstrated in delivering this sale. They provided commercially focused and insightful guidance throughout the process and we look forward to working with them again."
The team was led by partners Ronald Graham and Howard Palmer with support from a team including senior counsels Matt Harrison and Natasha Cooper.