Update: Market Chatter: Nu in Talks to Acquire Monzo in Multi-Billion Pound Deal

02:52 PM EDT, 09/29/2026 (MT Newswires) -- (Updates with Nu's response in the last paragraph.) Nu (NU) is in talks to acquire Monzo in a deal that could value the digital lender at between 8 billion pounds ($10.6 billion) and 10 billion pounds, Sky News reported Monday, citing sources. The discussions between the two banks are at a relatively early stage and the broad terms of a deal are under negotiation, according to the report. Another option being explored by Monzo is a new round of funding which is expected to value the bank at more than 8 billion pounds, with the proceeds used for further expansion in mainland Europe, Sky News added. Nu declined to comment to MT Newswires, while Monzo did not respond to a request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 12.38, Change: +0.15, Percent Change: +1.23