Monzo exploring potential £10bn sale to Nubank
Monzo, one of the UK’s top digital banks, is in early discussions to sell itself to Nubank, the giant Brazilian online bank. If it happens, the deal could value Monzo as high as £10 billion. The talks are just starting, so nothing is final. This would mark one of the UK’s largest fintech deals and could reignite concerns about leading British tech companies being acquired by global rivals.
- Sale could value Monzo at up to £10bn
- Talks are still at an early stage
- Nubank is a major Brazilian digital bank
- Deal would be among UK’s largest fintech exits
- Questions raised about UK retaining tech leaders
Sources covering this
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