Monzo Seeks €8.9 Billion Valuation in New Funding Round…
By Abdelaziz Fathi
AI summary of the source article
Monzo is preparing to approach venture capital investors for a funding round that could value the digital bank at approximately £7.5 billion. The potential transaction follows collapsed takeover discussions with Nubank and stalled private equity negotiations.
Why it matters
The potential transaction would provide capital for its European expansion, which has become a central priority after the bank withdrew from the United States earlier this year.
Key facts
- Monzo is seeking a venture capital round valuing the company at approximately £7.5 billion (€8.9 billion).
- Negotiations for a potential £8 billion to £10 billion acquisition by Nubank and a 15% stake sale to private equity firms both failed to proceed.
- For the financial year ended March 2026, Monzo generated £1.7 billion in revenue and £87.3 million in statutory pre-tax profit.
Source excerpt · FinanceFeeds
British digital bank Monzo is preparing to approach venture capital investors for a funding round that could value the company at approximately £7.5 billion (€8.9 billion), following the collapse of takeover discussions with Brazil's Nubank and stalled negotiations with private equity investors. The proposed valuation is below the £8 billion Monzo reportedly sought during minority stake discussion…