Nubank Weighs $13 Billion Bid for Monzo
Nubank reportedly targets Monzo for $13.2 billion acquisition.
In brief
Nubank reportedly targets Monzo for $13.2 billion acquisition. Nubank is considering a $13.2 billion bid for UK fintech Monzo, valuing it at up to £10 billion. Originally reported by Pymnts.
Nubank Interest in Monzo
Brazilian digital bank Nubank reportedly interested in buying UK FinTech Monzo.
Monzo Valuation Options
Monzo valued at up to £10 billion ($13.2 billion) with three potential sale options.
Monzo Sale Options
Monzo could sell 15% stake to private equity or pursue venture capital-style funding round.
Monzo Leadership Change
Monzo board chairman Gary Hoffman steps down after CEO TS Anil's surprise resignation.
Monzo US Exit
Monzo shut down US operations to focus on European expansion after rethinking banking license.
Nubank's International Expansion
Nubank obtained US banking license while Monzo seeks London Stock Exchange listing.
The bottom line
Nubank is considering a $13.2 billion bid for UK fintech Monzo, valuing it at up to £10 billion.
