Nubank Weighs $13 Billion Bid for Monzo

Brazilian digital bank Nubank is reportedly considering a $13 billion bid to acquire U.K. FinTech Monzo, according to a report by the Financial Times. The FT cited two sources familiar with the matter, stating that Monzo's valuation could range from £8 billion to £10 billion ($13.2 billion) in a potential takeover. Monzo has been exploring three options: a takeover via a mix of cash and shares, selling a 15% stake to private equity firms, or pursuing a "venture capital-style" funding round.

The talks come as Monzo faces a critical period, with the resignation of its board chairman and a newly appointed CEO focusing on Europe. Monzo's decision to withdraw from the U.S. and its potential sale to Nubank, valued at $65 billion with 140 million customers, could impact the London Stock Exchange's interest in listing Monzo.