diff --git a/CHANGES.md b/CHANGES.md
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,10 @@
+1.7.1
+=====
+
+* [#230](https://github.com/serokell/universum/issues/230):
+  Add `hoistMaybe` and `hoistEither` functions 
+  similar to [relude](https://hackage.haskell.org/package/relude-0.7.0.0/docs/Relude-Monad-Trans.html#v:hoistMaybe)
+
 1.7.0
 =====
 
diff --git a/src/Universum/Monad/Trans.hs b/src/Universum/Monad/Trans.hs
--- a/src/Universum/Monad/Trans.hs
+++ b/src/Universum/Monad/Trans.hs
@@ -14,13 +14,17 @@
        , executingStateT
        , usingState
        , usingStateT
+       
+         -- * Convenient functions to work with 'MaybeT' and 'ExceptT' transformers
+       , hoistMaybe
+       , hoistEither
        ) where
 
-import Prelude (flip, fst, snd)
+import Prelude (Applicative (..), flip, fst, snd)
 
 import Universum.Functor (Functor, (<$>))
-import Universum.Monad.Reexport (Reader, ReaderT, State, StateT, runReader, runReaderT, runState,
-                                 runStateT)
+import Universum.Monad.Reexport (Either, ExceptT (..), Maybe, MaybeT (..), Reader, ReaderT, State,
+                                 StateT, runReader, runReaderT, runState, runStateT)
 
 -- | Shorter and more readable alias for @flip runReaderT@.
 usingReaderT :: r -> ReaderT r m a -> m a
@@ -65,3 +69,13 @@
 executingState :: s -> State s a -> s
 executingState s st = snd (usingState s st)
 {-# INLINE executingState #-}
+
+-- | Lift a 'Maybe' to the 'MaybeT' monad
+hoistMaybe  :: Applicative m => Maybe a -> MaybeT m a
+hoistMaybe m = MaybeT (pure m)
+{-# INLINE hoistMaybe #-}
+
+-- | Lift a 'Either' to the 'ExceptT' monad
+hoistEither :: Applicative m => Either e a -> ExceptT e m a
+hoistEither e = ExceptT (pure e)
+{-# INLINE hoistEither #-}
diff --git a/universum.cabal b/universum.cabal
--- a/universum.cabal
+++ b/universum.cabal
@@ -1,6 +1,6 @@
 cabal-version:       2.2
 name:                universum
-version:             1.7.0
+version:             1.7.1
 synopsis:            Custom prelude used in Serokell
 description:         See README.md file for more details.
 homepage:            https://github.com/serokell/universum