Monzo considers venture capital funding as private equity talks stall

AI-assisted source summary · not independently verified. Content standards

Monzo is considering talks with venture capital investors to raise funding after acquisition talks failed to progress and negotiations to sell a minority stake to private equity firms stalled, targeting a valuation of 7.5 billion pounds (approximately $10.1 billion). Its acquisition talks with Nubank at a valuation of 10 billion pounds broke down, while private equity firms had previously discussed the sale of a minority stake at a valuation of 8 billion pounds.