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Nubank in early talks to buy Monzo for up to £10 billion
Original: Nubank is in early talks to buy Monzo at up to £10 billion
Brazilian digital bank Nubank is reportedly in early-stage talks to acquire UK challenger bank Monzo in a deal valued at up to £10 billion. If completed, the takeover would mark one of the largest acquisitions of a British fintech and would give Nubank a major foothold in the UK banking market. Analysts and investors are watching closely for confirmation from either company.
Why now: News of a potential multibillion-pound fintech acquisition involving two major digital banks is drawing wide attention.
Evidence
- Nubank is in early talks to buy Monzo at up to £10 billion · Startup Fortune
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