Monzo, a British digital bank, is in talks to be acquired by Brazilian fintech Nubank.

What it means

Monzo, a UK digital-only bank, is reportedly in early-stage acquisition talks with Nubank, a Brazilian fintech giant. If completed, the deal would value Monzo at around £10 billion and would mark a significant cross-border consolidation in the digital banking space, likely scuppering Monzo's long-rumoured IPO plans.

Accuracy & sourcesGrounded

The claim originates from a Financial Times report citing unnamed sources, and has been corroborated by Bloomberg, Reuters, and Sky News. As an M&A leak, the details are not officially confirmed and may change or fall through; the reporting is credible but unverified by primary sources.

How new

The story broke in late September 2026, making it genuinely new reporting as of that week.

Go deeper

• Rio Times — first to publish