Nubank in early talks to buy Monzo at about £10 billion valuation
Sky News said Monzo's board is exploring an acquisition by Nubank or a new funding round valuing Monzo at more than £8 billion.
25 billion), Sky News reported on Saturday. An acquisition by Nubank is one of two options Monzo's board is currently exploring, Sky News said, citing a source close to the process. The other option is a new funding round expected to value Monzo at more than £8 billion, with proceeds earmarked for a mainland European expansion, the report said. Monzo declined to comment.
Nubank could not be immediately reached for comment outside regular business hours. 5 billion. 2 billion, according to its annual report. 5 billion in an employee share sale to investors including Singapore's sovereign wealth fund GIC and StepStone Group.
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