MONZO IN TALKS ABOUT MULTIBILLION-POUND SALE TO BRAZIL'S NUBANK

Summary from the TLDR Fintech newsletter

Monzo is in early talks with Nubank parent Nu Holdings about a potential £8 billion to £10 billion sale, with Morgan Stanley and Qatalyst advising as Monzo also weighs a new funding round to support European expansion. A deal would give Nubank an immediate UK and European banking foothold through Monzo's 16 million customers and £1.7 billion of annual revenue, while likely ending Monzo's near-term path to a standalone IPO.