StartupsThe Next Webabout 1 hour ago
Nubank Owner in Talks to Buy Monzo
2 min read
Nu Holdings, owner of Brazil's Nubank, is in early talks to buy British digital bank Monzo for £8bn to £10bn, Sky News reported. Monzo has hired Morgan Stanley and Qatalyst; a deal would likely be cash and shares. Monzo's board is also weighing a funding round above £8bn, which would rule out a near-term London listing.
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