Nubank in Early Talks to Acquire UK Fintech Monzo for Up to £10B

Brazilian digital bank Nubank is reportedly in initial talks to acquire UK fintech Monzo, with a potential valuation of £8-10 billion in a cash-and-stock deal. Monzo has hired Morgan Stanley and Qatalyst as advisors. The deal, if completed, would mark a major cross-border consolidation in digital banking, but talks are preliminary and may not result in a transaction.