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
The first report from the Fed's outside review of its own Silicon Valley Bank supervision backs most of what three earlier audits found, but clears the social media posts blamed in 2023 of creating the condition depositors ran from.
Reality
- Evidence58
- Adoption12
- Hype gap−10
- Incentives60
- Confidence52
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
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