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Monzo seeks £7.5B round after Nubank and buyout talks fail

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Monzo is planning a funding round at a £7.5B valuation after Nubank's £10B takeover bid and talks with buyout firms both fell through, the Financial Times reported. Advent, TPG and CVC had looked at taking up to a 15% stake while Monzo targeted an £8B valuation. Existing backers Accel, Iconiq, CapitalG and Singapore's GIC must now decide whether to invest at a valuation the buyout firms effectively rejected at £8B, and at what price.

AI-generated from reports · 7 hours agoUpdate

Latest updatesNov 6 17:33
Monzo seeks £7.5B round after Nubank and buyout talks collapse

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Nov 6
  1. Tech Funding News
    Monzo seeks £7.5B round after Nubank and buyout talks collapse

    Monzo is planning a £7.5B funding round after Nubank's £10B takeover bid and talks with buyout firms both fell through.

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