Advent explores a Monzo stake as Nubank takeover talks continue

Advent International has expressed interest in buying a minority stake in Monzo while the British digital bank considers a separate takeover approach from Nu Holdings, the owner of Nubank.

Sky News reports that Advent is one of several private equity firms to hold initial discussions about an investment. Bankers told the outlet that a minority deal would be viable only if Monzo’s talks with Nu Holdings stall.

Neither path is agreed. Advent and Monzo declined to comment, while Nu Holdings previously said it does not comment on rumors or speculation.

Monzo is weighing a sale against fresh funding

The Nu approach could value Monzo at £8 billion to £10 billion and may use a combination of cash and stock. Sky News says the talks are at an early stage and that Monzo has hired Morgan Stanley and Qatalyst to advise it.

The alternative is another capital raise, potentially at a valuation above £8 billion, to fund expansion in mainland Europe. Monzo was valued at £4.5 billion in an October 2024 secondary share sale.