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Nubank in talks to buy British fintech Monzo for up to £10bn

Brazil's largest digital bank is negotiating a potential acquisition of the UK's Monzo, which would be the largest purchase of a British bank by a Latin American company.

newest coverage 1d agosummary written 1d ago16 pieces NewswiresGoogle News

What to know

  • Nubank is negotiating to buy Monzo for £8bn–£10bn, nearly double the UK bank's valuation 18 months ago.
  • The deal requires approval from UK regulators (PRA and FCA) and Brazilian authorities; Monzo's crowdfunding shareholders must also vote on any sale.
  • Monzo is simultaneously exploring stake sales with private equity, signaling the bank has multiple exit options.
  • If completed, this would be the largest acquisition of a British bank by a Latin American company, giving Nubank a European banking licence and customer base.

Monzo British digital bankNubank Brazilian digital bankPrudential Regulation Authority UK banking regulatorFinancial Conduct Authority UK financial regulator

Nubank in talks to buy British fintech Monzo for up to £10bn
Rio Times

How it unfolded 3 developments, newest first · click a bar or a number to jump articles

Peak 7 pieces in one hour at Yesterday, 10 AM; 16 pieces over 2 days (16 articles) Sep 25, 7 AM — 1 piece · 1 article — Newswires 1Sep 25, 8 AM — quietSep 25, 9 AM — quietSep 25, 10 AM — quietSep 25, 11 AM — quietSep 25, 12 PM — quietSep 25, 1 PM — quietSep 25, 2 PM — quietSep 25, 3 PM — quietSep 25, 4 PM — quietSep 25, 5 PM — quietSep 25, 6 PM — quietSep 25, 7 PM — quietSep 25, 8 PM — quietSep 25, 9 PM — quietSep 25, 10 PM — quietSep 25, 11 PM — quietYesterday, 12 AM — quietYesterday, 1 AM — quietYesterday, 2 AM — quietYesterday, 3 AM — 5 pieces · 5 articles — Google News 4, Newswires 1Yesterday, 4 AM — 3 pieces · 3 articles — Google News 2, Newswires 1Yesterday, 5 AM — quietYesterday, 6 AM — quietYesterday, 7 AM — quietYesterday, 8 AM — quietYesterday, 9 AM — quietYesterday, 10 AM — 7 pieces · 7 articles — Newswires 7Yesterday, 11 AM — quietYesterday, 12 PM — quietYesterday, 1 PM — quietYesterday, 2 PM — quietYesterday, 3 PM — quietYesterday, 4 PM — quietYesterday, 5 PM — quietYesterday, 6 PM — quietYesterday, 7 PM — quietYesterday, 8 PM — quietYesterday, 9 PM — quietYesterday, 10 PM — quietYesterday, 11 PM — quietToday, 12 AM — quietToday, 1 AM — quietToday, 2 AM — quietToday, 3 AM — quietToday, 4 AM — quietToday, 5 AM — quietToday, 6 AM — quietToday, 7 AM — quietToday, 8 AM — quietToday, 9 AM — quietToday, 10 AM — quietToday, 11 AM — quietToday, 12 PM — quietToday, 1 PM — quietToday, 2 PM — quietToday, 3 PM — quietToday, 4 PM — quietToday, 5 PM — quiet 12–3
yesterdaytodaynow · 6:31 PM ET
  1. 3

    Financial Times reports Monzo also in discussions with private equity

    FT adds that Monzo is simultaneously in talks with private equity firms about selling a significant stake, suggesting the bank is exploring multiple options.

    1. 7 outlets Monzo in talks with Brazil’s Nubank about sale

      first by FT, 1d ago · also Telegraph, Reuters, Bloomberg, Sky News, City A.M., Financial Times

      5 more headlines
  2. 2

    Valuation details confirmed at £8bn–£10bn (US$10.6bn–US$13.2bn)

    Rio Times reports Sky News's valuation range, noting that neither bank has confirmed the talks and no agreement has been announced. The range is roughly double Monzo's last disclosed valuation of £4.5bn from October 2024.

    “Neither bank has confirmed the talks, and no agreement has been announced. If one were struck, it would be the largest purchase of a British bank by a Latin American company.”
    — Rio Times · source
    1. 2 outlets Monzo in Talks on Possible Sale to Brazil’s Nubank, Sky Reports

      first by Bloomberg.com, 1d ago · also Rio Times

      1 more headline
  3. 1

    Sky News reports Monzo in talks with Nubank about multibillion-pound sale

    Sky News breaks news that Monzo, Britain's largest digital bank, is in discussions with Brazil's Nubank about a potential sale valued between £8bn and £10bn.

    1. 1 outlet Nubank And Monzo Discuss A Possible Tie-Up

      first by Finimize, 1d ago