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Advent International
Trends
- 1Nubank reportedly in early talks to acquire Monzo●Nubank is reportedly in early stage talks with Monzo for a full takeover, while Advent International has been named one
Brazilian digital bank Nubank is reportedly in early stage talks with UK challenger bank Monzo about a full takeover. At the same time, private equity firm Advent International has been named among several buyout firms interested in acquiring a minority stake in Monzo. No deal has been agreed, and the talks are described as preliminary, but the news has sparked discussion about consolidation in the challenger banking sector.