Ko-fi vs Monzo

Build Text Summarizer with Hugging Face

This tutorial explains how to build a text summarizer using the Hugging Face Transformers library and its high-level pipeline API. It shows installing transformers and torch, initializing a summarization pipeline (example: facebook/bart-large-cnn), and controlling outputs with parameters such as max_length, min_length, and do_sample. The guide covers handling long documents via chunking and recursive summarization, and notes optional fine-tuning using Hugging Face's Seq2SeqTrainer with evaluation by ROUGE for domain-specific needs. Example Python code is provided for quick local inference and file-based workflows.

• The guide demonstrates building a summarizer using Hugging Face Transformers' pipeline API.
• Recommends facebook/bart-large-cnn as a robust out-of-the-box summarization model.
• Requires the transformers and torch (PyTorch) libraries; installation via pip is shown.

July 2026 Cover Image Announcement

July’s cover image has been created by the amazing ko-fi.com/crystilialance as part of our #KofiCoverImage competition!

Nubank in talks to acquire Monzo for up to £10B

Brazilian neobank Nubank is in early-stage talks to acquire UK-based digital bank Monzo, according to Sky News and City AM. The deal could value Monzo at £8-10 billion ($9-11.5 billion), more than double its October 2024 valuation of £4.5 billion. Monzo, with about 15 million customers and reported FY2026 revenue of £1.7 billion, holds £25.7 billion in mostly unlent deposits, which Nubank could potentially deploy as loans—a strategy it has never executed outside Latin America. The acquisition would provide Nubank with a UK banking license, accelerating its European expansion and challenging Revolut. However, regulatory hurdles and UK rules may pressure Nubank's high margins. The payment would likely be stock-heavy, and competitive offers could affect the price. A sale would end Monzo's IPO plans, previously anticipated at a £6 billion valuation. Nubank is valued at $65 billion with nearly 139 million customers.

• Nubank is in early talks to acquire Monzo for £8-10 billion, more than double Monzo's last valuation.
• Monzo holds £25.7 billion in mostly unlent deposits, and reported revenue of £1.7 billion with ~15 million customers.
• The acquisition would end Monzo's IPO plans and provide Nubank with a UK banking license.

Nubank in Talks to Acquire UK's Monzo for Up to £10B

Brazilian neobank Nubank is in early-stage talks to acquire British digital bank Monzo, according to Sky News and City AM. The deal could value Monzo at £8-10 billion, more than double its last valuation of £4.5 billion in October 2024. Monzo reported revenue of £1.7 billion (up 39%) and pretax profit of £172.6 million for FY2026, with 15 million customers. A sale would scrap Monzo's IPO plans. Nubank, valued at ~$65 billion with 139 million customers, seeks European expansion; Monzo would provide a UK banking license and established brand. Regulatory approvals from UK, Brazil, and US authorities are required. Alternative: Monzo explores a funding round at similar valuation. Completion would create a global neobank rivaling Revolut.

• Nubank is in early-stage talks to acquire Monzo, with potential valuation of £8-10 billion.
• Monzo's last valuation was £4.5 billion in October 2024.
• Monzo's FY2026 revenue rose 39% to £1.7 billion; pretax profit £172.6 million.

Market Map: 89 VC-Backed AI Startups Transforming Financial Services

Newcomer published a market map of 89 venture-backed startups leveraging AI in financial services, spanning lending, accounting, compliance, banking, and wealth management. The sector is gaining traction as investors bet on AI agents automating workflows. Notable fundraising includes Rogo's Series C and D rounds, Rillet's $100M Series C, Taktile's $110M Series C, and Basis's $100M Series B. Established players like Monzo and Digits are integrating AI features. The article also highlights incumbents acquiring AI startups, such as Thomson Reuters' acquisition of Materia and Bloomberg's agreement to buy Canoe Intelligence. Risks such as fraud and compliance failures are noted, referencing Delve's controversies and Synapse's collapse. The map focuses on startups selling AI tools to financial firms or directly automating financial services.

• Newcomer compiled a market map of 89 VC-backed startups building AI tools for financial services.
• Rogo raised Series C and Series D rounds from investors including Kleiner Perkins and Sequoia between January and April 2026.
• Rillet raised a $100 million Series C at a $1 billion valuation, two years after emerging from stealth.