TradingKey – Nu Holdings (the parent company of Nubank) closed at $12.35 on September 29, 2026, up 0.98% for the day. On September 28, 2026, it fell 10.01% on news that Nu is in preliminary talks to purchase the British digital bank Monzo. While Nu Bank is doing well, with record profits and other positive metrics, the question becomes, will opening new markets help Nu Bank even more? Monzo Bank’s operations are in the UK and Ireland, while it is pursuing broader European expansion.
Monzo Talks Add a New Capital-Allocation Question
Nu Bank is considering purchasing Monzo, according to the Financial Times. Monzo is reportedly valued between £8-10bn. The deal could be a cash and/or stock deal. There is no merger agreement, other…
