In a massive shakeup for the digital banking sector, Brazil’s fintech giant Nubank is reportedly in early-stage discussions to acquire the British neobank Monzo. According to insider reports, the potential combination could value London-based Monzo between £8 billion and £10 billion ($10.60 billion – $13.25 billion). Monzo’s board is exploring this blockbuster sale alongside an alternative option of a new funding round to fuel its mainland European expansion, marking a significant milestone in global fintech consolidation.
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