Monzo is in talks about a possible sale to Brazil's Nubank, according to Sky News, a report that has been picked up by outlets across the political spectrum.
Reuters and other outlets citing Sky News reported the talks involve a valuation of about £10 billion. The Financial Times and Sky News both confirmed Monzo and Nubank are discussing a sale, without independently specifying the figure.
Right-leaning outlets GB News and The Times framed the potential deal as a setback for London's financial sector, describing it as a possible "blow to the City" should the British digital bank fall under foreign ownership.
No outlet reported that a deal has been finalized; the talks are described as ongoing and their outcome remains unclear.
How each side covered it
Left
- Bloomberg reported Monzo is in talks on a possible sale to Nubank, citing Sky News.
“Monzo in Talks on Possible Sale to Brazil's Nubank, Sky Reports” — Bloomberg
Center
- Reuters, the Financial Times and Sky News all reported Monzo is in talks with Nubank about a sale.
- Reuters cited a valuation of about £10 billion, attributing the figure to Sky News.
- The Financial Times and Sky News described the deal as a multibillion-pound sale without independently confirming the exact valuation.
“Monzo in talks on sale to Nubank at about £10 billion valuation, Sky News reports” — Reuters
Right
- GB News and The Times both framed the potential deal as a setback for the City of London.
- GB News cited the same £10 billion figure reported by Sky News.
- Both outlets described Monzo as at risk of falling under ownership of a 'foreign' or 'Brazilian' bank.
“Blow to City as Monzo could fall to Brazilian bank in £10bn takeover” — The Times
Questions readers ask
What happened with Monzo and Nubank?
UK digital bank Monzo is reportedly in talks about a possible sale to Brazilian fintech Nubank, according to a report from Sky News cited by multiple outlets.
How much could the Monzo deal be worth?
Reports citing Sky News, including Reuters and GB News, put the potential deal's valuation at about £10 billion.
What did left- and right-leaning outlets focus on?
Left-leaning and center outlets largely reported the talks and valuation as relayed by Sky News, while right-leaning outlets GB News and The Times emphasized the deal as a potential setback for London's financial industry.
Has the Monzo-Nubank deal been finalized?
No. All sources describe the matter as ongoing talks, and no outlet reported that an agreement has been reached.
Sources · 7 outlet reports
- BloombergLeft-leaningMonzo in Talks on Possible Sale to Brazil’s Nubank, Sky Reports
- Financial TimesCenterMonzo in talks with Brazil’s Nubank about sale
- ReutersCenterMonzo in talks on sale to Nubank at about £10 billion valuation, Sky News reports
- Sky NewsCenterMonzo in talks about multibillion pound sale to Brazil's Nubank
- GB NewsRight-leaningMonzo could be sold to foreign fintech giant in £10billion deal as City of London faces major blow
- Independent Journal ReviewRight-leaningMonzo-Nubank talks could value Monzo at £10bn
- The TimesRight-leaningBlow to City as Monzo could fall to Brazilian bank in £10bn takeover