Nubank in Talks to Acquire Monzo for up to $13.25B, Entering UK/Europe

Brazilian digital bank Nubank is reportedly in talks to acquire UK neobank Monzo for up to $13.25 billion, a move that would put it in direct competition with Revolut in the UK and Europe. The deal, if completed, would mark a major consolidation in the European digital banking sector and expand Nubank's footprint beyond Latin America. Terms and likelihood remain unconfirmed, with the source being a translated news report.