Monzo, the UK digital bank, is in early talks with Brazil’s Nubank about a possible sale, according to reports including Sky News and the Financial Times. Sky News indicates the deal could value Monzo at between £8bn and £10bn, while The Rio Times reports a valuation range equivalent to about US$10.6bn to US$13.2bn.
The outlets describe the negotiations as preliminary. In addition to discussions with Nubank, the Financial Times says Monzo is also in talks with private equity about selling a significant stake, suggesting the company is exploring multiple pathways. The reports do not confirm whether an agreement will be reached or what proportion of Monzo would be sold.
Overall, coverage focuses on the potential cross-border transaction and the valuation figures, with differences mainly in the currency and reported ranges, rather than on the existence of talks themselves.
