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Brazil’s Nubank in Talks to Acquire UK’s Monzo – Reports
Monzo’s board is weighing a sale against a new funding round and a stock-market listing as the bank posts 15.2 million customers and £25.7 billion in deposits.
- Sky News reported on Saturday that Nubank is in early-stage talks to acquire London-based Monzo, potentially valuing the British digital bank between £8 billion and £10 billion. Neither company has confirmed the talks.
- Monzo's board is currently exploring two strategic options: a potential sale to the Brazilian firm or a new funding round supporting expansion into Europe. The bank was valued at £4.5 billion in October 2024.
- Nubank, Latin America's largest digital bank, holds a market capitalization of about $65.5 billion and serves more than 110 million customers. Monzo reported 15.2 million customers and £25.7 billion in deposits in its 2026 accounts.
- Any acquisition would require approval from British regulators, including the Prudential Regulation Authority and the Financial Conduct Authority. Monzo's shareholders—including Accel, Passion Capital, and CapitalG—must also vote on the sale.
- If completed, the deal would represent the largest purchase of a British bank by a Latin American company. Nubank is pursuing an American license, while Monzo has prepared for a potential stock-market listing.
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Brazilian Nubank is in talks with British digital bank Monzo about a potential acquisition that could value the London-based fintech company at up to £10 billion, Sky News has learned. Fintech competition will also be discussed at the Portfolio Banking Technology conference on November 10. Register and get details here!
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Advent International, the private equity firm, is interested in buying a take in Monzo, the British neobank which is in talks about a takeover which could
Coverage Details
Total News Sources36
Leaning Left2Leaning Right5Center9Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
13%
C 56%
R 31%
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