Nu Holdings, the reported bidder behind an £8 billion to £10 billion Monzo valuation, said in a Sept. 30 filing that it is not pursuing a deal. Monzo's board now has to find that price among investors buying stakes of up to 15%.
Perspective Coverage
3 publishers
- Builder
- Builder 5%
- Operator
- Operator 38%
- Investor
- Investor 57%
Reality
- Evidence58
- Adoption
- Insufficient
- Hype gap+45
- Incentives45
- Confidence65
Monzo is in early talks to sell to Nubank at a reported £8bn to £10bn, against a £4.5bn valuation from an October 2024 employee share sale. A deal would likely end its plans to float, costing London one of the fintech listings officials hoped would revive a depleted market.
Perspective Coverage
4 publishers
- Builder
- Builder 6%
- Operator
- Operator 34%
- Investor
- Investor 60%
Reality
- Evidence45
- Adoption
- Insufficient
- Hype gap+25
- Incentives50
- Confidence50
Itau, Nubank and Banco do Brasil now broker dozens of tokens for retail clients while Central Bank filings show none of it on their own books, which makes the shelf a fee business carrying no inventory risk.
Perspective Coverage
3 publishers
- Builder
- Builder 10%
- Operator
- Operator 52%
- Investor
- Investor 38%
Reality
- Evidence60
- Adoption45
- Hype gap+10
- Incentives40
- Confidence60
Nu Global advertises about 3.50% on USDC and 2.20% on EURC, and Sygnum's Swiss bank supplies the conversion, custody and rails behind it. Nubank is buying the licensed layer.
Reality
- Evidence44
- Adoption30
- Hype gap+26
- Incentives71
- Confidence45
Circle's USDC market cap reached about $75 billion in 2025 after 73% growth. Roughly 76% of the emerging-market digital banks routing dollars over those rails have yet to turn a profit on the customers they sign.
Reality
- Evidence30
- Adoption55
- Hype gap+35
- Incentives60
- Confidence34
Nubank launched US accounts through a sponsor partnership with Lead Bank while it works to capitalize a subsidiary the OCC has conditionally approved. It also launched a stablecoin account advertising 3.50%.
Reality
- Evidence60
- Adoption40
- Hype gap+18
- Incentives65
- Confidence57
Nubank said in Miami it will soon sell higher-yield deposits, credit cards and payments across 35 countries in the United States, with a cofounder relocated to run it and a partner bank holding the permission it has applied for.
Reality
- Evidence42
- Adoption30
- Hype gap+35
- Incentives72
- Confidence55
Net income rose 49% to $1.1 billion at a record 33% return on equity while Nubank opened its Mexican bank and pursued charters in Brazil and the US. Cost of credit is up 60% year over year.
Reality
- Evidence58
- Adoption62
- Hype gap+14
- Incentives72
- Confidence57