Mmastodon BusinessBanking first seen 1 d ago, last 1 h 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 UK challenger bank Monzo about a full takeover. At the same time, private equity firm Advent International has been named among several buyout firms interested in acquiring a minority stake in Monzo. No deal has been agreed, and the talks are described as preliminary, but the news has sparked discussion about consolidation in the challenger banking sector.

Why now: A potential takeover of one of the UK's best-known challenger banks by Latin America's largest neobank would be a major fintech deal.

NubankMonzoAdvent International

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Evidence

• Nubank is reportedly in early stage talks with Monzo for a full takeover, while Advent International has been named one of several buyout firms interested in acquiring a minority stake. https://www. fintechfutures.com/m-a/monzo-r eportedly-in-talks-for-sale-to-nubank # FinTech… · AlexJimenez@mas.to · 2

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