Nubank’s owner is in talks to buy Monzo at up to £10bn

Monzo is negotiating a sale to Nu Holdings, the parent of Nubank, with a valuation between £8 bn and £10 bn. The deal would likely involve cash and shares, and Monzo has hired Morgan Stanley, Qatalyst, and Slaughter and May for advice. A sale would preclude a near-term London listing, while an alternative is a new funding round above £8 bn to finance European expansion.