Nu Holdings Denies Acquisition Talks With Monzo

Nu Holdings Ltd. announced Wednesday that it is not pursuing a transaction with the U.K.-based digital bank Monzo. The company issued the statement to clarify its position following extensive media speculation regarding a potential deal between the two financial technology firms.

While stating that it respects Monzo, Nu Holdings clarified that it is not engaged in discussions for a transaction. The company noted that its strategic priorities remain focused on expanding its position in Brazil and scaling operations in Mexico and Colombia. Additionally, the firm is working to build its presence in the United States and other international markets through Nu Global.

Nu Holdings reiterated that its capital allocation framework remains unchanged. The company stated that its investment decisions continue to be based on strategic fit, expected returns, and long-term value creation per share.