Monzo Bank is considering a new fundraising round that would value the digital lender at roughly £7.5bn after private‑equity negotiations for a minority stake stalled. Buyout firms Advent International, TPG and CVC had discussed a stake of up to 15 % at an £8bn valuation, but talks broke down. Earlier, a £10bn takeover by Brazilian fintech Nubank collapsed over price, prompting Monzo to pivot to PE as a backup.
The bank, now led by CEO Diana Layfield, needs capital to fuel its European expansion, having launched in Spain and Ireland. Monzo was last valued at £4.5bn in a 2024 employee share sale. In the year to March 2026 it posted £87.3mn pre‑tax profit, up from £60.5mn, with revenues rising 39 % to £1.7bn.
The lender serves 16mn customers, mostly in the UK, and trails rival Revolut’s 80mn users. Layfield is diversifying revenue through lending and new products such as mobile e‑SIMs.
Source: Financial Times Companies · Summarized by HeadlinesBriefing