Monzo in talks about multibillion pound sale to Nubank

Summarised from 3 outlets · Updated 26 Sept, 11:54 · Archive

Digital bank Monzo is in early discussions about a sale to Brazil's Nubank, valued at £8bn to £10bn.

Monzo, one of Britain's biggest consumer banks, is in talks with Brazil's Nubank about a potential sale valued between £8bn and £10bn. The move could end hopes of the UK fintech listing on the London Stock Exchange.

How it is being reported

• Monzo in talks over £10bn sale to Nubank in blow to IPO hopesCity AM · 26 Sept, 11:47
• Monzo in talks with Brazil’s Nubank about saleFinancial Times · 26 Sept, 10:01
• Monzo in talks about multibillion pound sale to Brazil’s NubankSky News Business · 25 Sept, 13:11

In this story: Monzo · Nubank · Brazil · Morgan Stanley

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem