Published: October 2, 2026 at 8:49 am
Nubank has walked away from a potential £10 billion takeover of UK digital bank Monzo, reigniting hopes of a London IPO or minority private equity deal.
Shares in Latin America’s largest FinTech dropped sharply this week as investors were seemingly spooked by the weekend reports that the companies were in talks.
The news had come as a blow to London’s public markets, as the City has long courted Monzo, one of the UK’s flagship digital banks, as a potential listing candidate.
Alongside the Nubank talks, Monzo is also said to be in discussions with private equity firms over the sale of a minority stake. A third, less likely option being considered is a further traditional equity fundraise.