Monzo

Brazilian digital bank Nubank is reportedly in early-stage talks with British challenger bank Monzo over a full takeover, while private equity firm Advent International has been named as one of several buyout firms interested in acquiring a minority stake. If a deal proceeds, it would mark one of the largest acquisitions in the UK fintech sector and a major expansion for Nubank into the British market.

Brazilian digital bank Nubank is reportedly in early-stage talks to acquire UK challenger bank Monzo in a deal valued at up to £10 billion. If completed, the takeover would mark one of the largest acquisitions of a British fintech and would give Nubank a major foothold in the UK banking market. Analysts and investors are watching closely for confirmation from either company.