Monzo

UK digital bank Monzo is in early discussions regarding a potential acquisition by Brazilian fintech leader Nubank (Nu Holdings) for a valuation between £8bn and £10bn.

Summary of transaction details:

• Value: between £8bn to £10bn
• Sector: Fintech
• Advisor: Morgan Stanley and Qatalyst
• Key Entities: Monzo, Nubank (Nu Holdings)
• Location: London, United Kingdom

Note: The transaction would give Nubank a full UK banking licence and access to Monzo's 16 million customers as it expands into Europe, while offering Monzo an alternative exit to an initial public offering.