LONDON: Monzo is in talks with Nubank’s parent about a possible sale valuing the British digital bank between £8 billion and £10 billion.
The proposed transaction would combine cash and shares. Its valuation range exceeds the £4.5 billion valuation Monzo secured in late 2024.
Nu Holdings, the parent of Brazil’s Nubank, trades on the New York Stock Exchange. Neither the reported approach nor the valuation represents a completed acquisition.
Monzo is also exploring discussions with private equity firms over selling up to a 15% stake. Raising money from venture capital investors remains another option.
Morgan Stanley and Qatalyst are advising the bank as it considers its options.
A sale could remove a potential London Stock Exchange listing candidate, which has sought to attract Monzo. No listing timetable or agreed sale terms have been announced.
Founded in 2015, Monzo now operates under chief executive Diana Layfield. Its annual review records 15.2 million customers at the end of its latest financial year.
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For the year to March 2026, Monzo generated £87.3m in pre-tax profit. Revenue rose 39% to £1.7bn from approximately £1.2bn a year earlier. Monzo declined to comment on the reported talks.
