TechFinancial Times42m ago
UK neobank Monzo is exploring a new fundraising round valuing it
Sources: UK neobank Monzo is exploring a new fundraising round valuing it at ~£7.5B after failing to be acquired by Nu Holdings and struggling to sell a stake
TL;DRMonzo seeks new funding at £7.5B valuation after failed Nu Holdings acquisition.
Why it matters: Shows consolidation pressure on UK fintechs; valuation drop signals market reality checks.
Lender had shifted focus to talks with buyout groups after failing to clinch a £10bn takeover by Brazilian fintech Nubank
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