Overview
2026 wave of cross-border digital-banking M&A as LatAm giants seek European licenses and scale.
Timeline
- 2026-09-28: nubank in early talks to acquire monzo at £8–10B (~2× Oct 2024 valuation) (2026-09-28-nubank-monzo-acquisition-axios)
Analysis
Deal would combine Nubank’s 140M LatAm customers with Monzo’s UK/EU banking license. Monzo simultaneously exploring standalone >£8B round for European expansion — board has not committed to either path.