Key facts
- Nubank denied it is pursuing a takeover of Monzo.
- Nubank's stock price fell following speculation about a potential acquisition.
Nubank, the Brazilian digital bank, has denied reports that it was in talks to acquire UK fintech firm Monzo. The denial comes after Nubank's shares experienced a significant drop, reportedly fueled by speculation surrounding a potential takeover. Nubank has explicitly stated that it is not pursuing a transaction with Monzo.