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Mono logo — Africa's Open Banking company

Mono

Africa's Open Banking company

Founded 2020 Nigeria Nigeria 67 employees Series A Total: $5.23M Big Data, Finance +3

General Information

Company Name Mono
Founded Year 2020
Location Nigeria Nigeria
Founders / Decision Makers
Team member
Employees 67
Industries Big Data, Finance, Financial Services +2
Funding Stage Series A
Business Model B2B, API, Platform
Revenue Model Usage Based, Subscription, Transaction Fee
Social

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About Mono

Mono, known as "Africa's Open Banking company," is strategically positioned to reshape the continent’s financial landscape. Founded in 2020 and headquartered in Nigeria, this fintech startup is at the forefront of democratizing access to financial data.

Mono's primary objective is to unlock Africa's financial ecosystem by providing businesses with essential tools to connect with their customers' financial accounts. This capability allows businesses to access real-time account information and facilitate direct bank payments, thereby enhancing operational efficiency. By doing so, Mono plays a pivotal role in driving economic growth across Africa.

Operating within key industries such as Big Data, Finance, Financial Services, Fintech, and Payments, Mono demonstrates its commitment to spurring enterprise innovation. The company received a Series A investment on 11 October 2021, underscoring investor confidence in its potential to revolutionize the financial sector in Africa.

Business keywords: Open Banking, Financial Ecosystem, API Integration, Real-time Account Access, Direct Bank Payments, Financial Data Access, Identity Verification, Enterprise Solutions, Economic Growth Enablement, Financial Connectivity, Business Empowerment, Startup Support, Secure Data Access

Services & Products

Open Banking API Infrastructure
Financial Data Connectivity
Identity Verification APIs
Payment Collection APIs
Data Enrichment Services

Target Customers

Fintech Companies Banks Digital Lenders Microfinance Institutions SaaS Companies Insurance Companies Investment and Savings Platforms

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Series A Undisclosed -
11 Oct 2021
Seed Round $2.00M 5
Entrée Capital
Entrée Capital, Gbenga Oyebode +3
24 May 2021
Seed Round $125.00K 1
Y Combinator
Y Combinator
02 Feb 2021
Seed Round $2.60M 4
Acuity Ventures Entrée Capital Golden Palm Investments
Acuity Ventures, Entrée Capital +2
19 Oct 2020
Pre Seed Round $500.00K -
09 Oct 2020

Mono Alternatives & Competitors

View All Alternatives
Mono vs
Okra
Okra Nigeria

Powering the next generation of financial products in Africa

Series A
32 employees
API, Financial Services
Compare Mono vs Okra
Mono vs
Flinks
Flinks Canada

The embedded finance platform for connectivity, intelligence, and payments.

Series B
92 employees
API, Analytics
Mono vs
Bankflip
Bankflip Spain

Open finance technology to collect employment, incomes and debt/risk data in real time and in a perm...

Seed
19 employees
Finance, Financial Services
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FAQ About Mono

Africa's Open Banking company
Mono was founded in 2020.
Mono is headquartered in Nigeria.
Mono operates in Big Data, Finance, Financial Services, Fintech and Payments. Its work centres on Open Banking, Financial Ecosystem, API Integration and Real-time Account Access. Its customers include Fintech Companies, Banks and Digital Lenders.
Mono has a B2B, API and Platform business model. Its revenue comes from Usage Based, Subscription and Transaction Fee.
Mono has approximately 67 employees.
Mono has completed 5 funding rounds, raising a total of $5.23M. The latest funding stage is Series A.
Mono offers: Open Banking API Infrastructure, Financial Data Connectivity, Identity Verification APIs, Payment Collection APIs, Data Enrichment Services.
Top alternatives and competitors to Mono include Okra, Flinks, Bankflip, Belvo, Plaid. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Mono and Okra are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Mono, https://bouncewatch.com/company/mono, updated 12 December 2025. When citing, please name BounceWatch and link this page.

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