Monzo in talks on sale to Nubank at about £10 billion valuation, Sky News reports

Live updates

1. 2h ago

   Nubank Weighs Multibillion-Pound Acquisition of Monzo

   Brazil-based Nubank is conducting early-stage discussions regarding a potential acquisition of the major British digital bank Monzo. This prospective deal could value the UK online bank at up to £10 billion, or between £8 billion and £10 billion, according to reports from Sky News. Monzo currently serves 16 million users. Alongside the buyout talks with Nubank, Monzo's board is reportedly evaluating an alternative option involving a new funding round geared toward European expansion, while private equity firm Advent separately eyes a stake in the business.

   Why it matters

   Monzo stands as a major UK online financial institution with a vast user base of 16 million customers. A transaction with Nubank would mark a massive consolidation move across the international digital banking sector. The board's dual consideration of an acquisition versus an independent funding round highlights pivotal strategic choices facing high-growth fintech enterprises.

   What is confirmed

   • Brazil's Nubank is in early-stage talks with British digital bank Monzo about a potential combination.
   • Monzo is a major UK online bank with 16 million users.
   • A potential acquisition by Nubank could value Monzo at between £8 billion and £10 billion, or up to £10 billion.
   • Monzo's board is currently exploring an acquisition by Nubank as one of two options, alongside a possible new funding round for Europe.

   Still unconfirmed

   • Buyout firm Advent is eyeing a stake in Monzo amid the bid talks.
   • Nubank is weighing a $13 billion bid for Monzo.

   What to watch next

   • Official statements from Monzo or Nubank confirming or terminating the acquisition talks
   • Decisions from Monzo's board regarding whether to pursue a sale or a new funding round
   • Any formal involvement or investment by buyout firm Advent in Monzo
   Sources used for this update (10)

   1. Reuters — Monzo in talks on sale to Nubank at about £10 billion valuation, Sky News reports
   2. Financial Times — Monzo in talks with Brazil’s Nubank about sale
   3. news.sky.com — Monzo in talks about multibillion pound sale to Brazil's Nubank
   4. The Sun — Major UK online bank with 16million users in 'serious' talks to be SOLD - what it means for customers
   5. Bloomberg.com — Monzo in Talks on Possible Sale to Brazil’s Nubank, Sky Reports
   6. news.sky.com — Buyout firm Advent eyes Monzo stake amid £10bn Nubank bid talks
   7. simplywall.st — 3 Fintech Stocks In Focus After Monzo Sale Talk Including SoFi Stock
   8. PYMNTS.com — Nubank Weighs $13 Billion Bid for Monzo
   9. live.euronext.com — Monzo in talks on sale to Nubank at about £10 billion ...
   10. fintechnews.ch — Brazil’s Nubank Explores Monzo Deal at up to £10B Valuation
   confidence 95%