Monzo Enters Multibillion-Pound Sale Talks with Brazil’s Nubank
Monzo in talks for a multibillion-pound sale to Nubank, with valuation estimates between £8bn and £10bn.
POLICY WIRE — London, United Kingdom — Monzo, the UK-based digital bank that has become one of the country’s largest consumer financial institutions, is currently in discussions about a potential multibillion-pound acquisition by Brazil’s Nubank, with an estimated valuation ranging from £8 billion to £10 billion.
The company recently reported its first revenue exceeding £1 billion ($1.35 billion), alongside a significant increase in annual profits, as it continues to expand its customer base. This growth comes amid broader trends in the fintech sector, where companies like Nubank and Revolut have built success by prioritizing user experience before scaling their financial operations.
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In addition to its recent performance, Monzo has also offered employees the chance to sell shares to existing investors, including Singapore’s sovereign wealth fund, which boosted the company’s valuation to £4.5 billion ($5.9 billion). This move follows a prior fundraising round in March, where the firm secured £340 million at a £4 billion valuation. Since its launch in 2015, Monzo has remained one of the leading online-only banks in the UK.
Reporting by Policy-Wire (PW)


