The Twenty Minute VC (20VC) · Thursday, October 1, 2026
Nubank is reportedly considering an acquisition of the UK-based digital bank Monzo, with a potential price range of $8 billion to $12 billion. This move would signal Nubank's expansion into the UK market, a region where Monzo has a strong presence. The valuation range suggests a significant strategic interest in Monzo's customer base and technology, despite potential challenges in integrating across different regulatory environments.
“On the other end, you've also got Monzo, the British bank, getting acquired for...”
“But Monzo, $8 billion to $12 billion. There's quite a range now on the suspected acquisition price by Nubank.”
“David is very focused on winning the US, buying Monzo, which is bluntly a phenomenal asset in the UK, a really strong, strong British bank. But it's in the UK.”