Future Of British Business
UK Digital Bank Monzo Weighs Deal for Nordic Rival Lunar
- Top British neobank looks for ways to expand in Europe
- Lunar last raised funding at valuation of $2.2 billion
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Monzo Bank Ltd., the UK mobile bank, is exploring a potential combination with Nordic peer Lunar Group A/S as it looks for ways to expand in Europe, people familiar with the matter said.
London-based Monzo has been holding preliminary discussions with the Danish company about the structure of a possible deal, the people said, asking not to be identified because the information is private.