Key facts
- Monzo is reportedly in talks for a sale to Nubank.
- The potential sale could be valued at approximately £10 billion.
- Monzo had been preparing for a potential IPO.
- Diana Layfield was appointed as Monzo's new CEO.
Monzo, the UK digital bank with over 11 million retail and 600,000 business customers, is reportedly in discussions for a sale to Brazilian fintech giant Nubank. The potential deal could be valued at approximately £10 billion, potentially thwarting the bank's earlier plans for an initial public offering (IPO).