Monzo Bank Weighs Nu Holdings Sale and £8 Billion Funding

Monzo Bank is in preliminary discussions regarding a potential sale to Brazil-based Nu Holdings. No formal offer or agreement has been reached between the two parties at this stage.

Simultaneously, the British digital bank is exploring a new funding round. This capital raise would value the company at more than £8 billion, or approximately $10.6 billion. Monzo intends to use the new funding to finance its expansion across Europe.