Monzo Eyes VC Funding as Private Equity Talks Stall
By PYMNTS
AI summary of the source article
London-based digital bank Monzo is considering a funding round valuing the company at 7.5 billion pounds (about $10.1 billion). This comes after it failed to secure a takeover by Nubank or a stake sale to private equity.
Key facts
- Monzo is considering a funding round that would value it at 7.5 billion pounds (about $10.1 billion).
- The consideration comes after Monzo failed to secure a takeover by Nubank or a stake sale to private equity.
Source excerpt · PYMNTS
London-based digital bank Monzo is considering a funding round that would value it at 7.5 billion pounds (about $10.1 billion) after failing to secure a takeover by Nubank or a stake sale to private equity, The Financial Times reported Thursday (Nov. 5), citing unnamed sources. Monzo’s talks with Nubank about a takeover at a valuation of 10 billion pounds (about […] The post Monzo Eyes VC Funding…