TLDR Tech / Fintech
Monzo in talks about multibillion-pound sale to Brazil's Nubank
Monzo is in early talks with Nubank parent Nu Holdings about a potential £8 billion to £10 billion sale. Morgan Stanley and Qatalyst are advising as Monzo also considers a new funding round to support European expansion. This deal would provide Nubank with an immediate UK and European banking presence through Monzo's 16 million customers and £1.7 billion in annual revenue, likely concluding Monzo's short-term path to a standalone IPO.
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