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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

Reports say Brazilian digital bank Nubank is in early-stage talks with UK challenger bank Monzo over a potential full takeover, while private equity firm Advent International has been named among several buyout firms interested in taking a minority stake. The news would mark a major move in UK fintech if talks progress, and observers are weighing what foreign ownership could mean for Monzo's future.

Why now: A potential sale of one of the UK's best-known challenger banks is major fintech M&A news.

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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