Key facts
- TPG is reportedly in discussions to acquire a minority stake in UK digital bank Monzo.
- Nubank has ended takeover talks with Monzo, citing valuation disagreements.
- Monzo is seeking to sell up to 15% of the company.
- Monzo has reportedly held early-stage talks with private equity firms CVC and Advent International.
TPG is reportedly in discussions to acquire a minority stake in UK digital bank Monzo, following the collapse of takeover talks with Brazilian fintech giant Nubank. The potential deal with Nubank was reportedly valued at £10 billion, but discussions ended due to disagreements over valuation.
Monzo is now said to be pursuing a sale of a minority stake, with private equity firms CVC and Advent International reportedly engaged in early-stage talks. The neobank is seeking to sell up to 15% of the company to secure capital for growth. This strategic shift indicates Monzo's continued focus on funding its expansion, with a private equity investment now considered its preferred path forward.