Mmastodon BusinessBanking first seen 2 h ago, last 2 min ago, peak #2
Nubank reportedly in early talks to acquire Monzo
Original: Nubank is reportedly in early stage talks with Monzo for a full takeover, while Advent International has been named one
Brazilian digital bank Nubank is reportedly in early-stage talks with British challenger bank Monzo over a full takeover, while private equity firm Advent International has been named as one of several buyout firms interested in acquiring a minority stake. If a deal proceeds, it would mark one of the largest acquisitions in the UK fintech sector and a major expansion for Nubank into the British market.
Why now: Reports of a potential sale of one of the UK's best-known challenger banks have sparked speculation about consolidation in the fintech sector.
NubankMonzoAdvent International
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