Access financial accounts across Africa, securely and reliably. Backed by Ycombinator. Our customer's include Carbon, Quickcheck, Autochek, Renmoney, dozens of developers.
Have questions? hit us up hi@mono.co
Have questions? hit us up hi@mono.co
Location: Nigeria
Employees: 11-50
Total raised: $147.88M
Founded date: 2020
Investors 11
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Funding Rounds 5
| Date | Series | Amount | Investors |
| 08.02.2026 | - | $25M | Tiger Glob... |
| 16.07.2022 | - | $90.88M | IFC Ventur... |
| 02.11.2021 | Seed | $15M | - |
| 12.10.2021 | Series A | $15M | - |
| 28.05.2021 | - | $2M | - |
Mentions in press and media 17
| Date | Title | Description |
| 08.02.2026 | Nigeria: Fintech Tycoon, Olugbenga Agboola's Shrewd Move | As one of the leading tech entrepreneurs in Africa, Olugbenga Agboola is a young man unarguably imbued with a great deal of knowledge and more qualifications than one can count. For the co-founder of Flutterwave -- one of the continent's mo... |
| 08.01.2026 | Nigeria: African Fintechs Projected to Grow Profitably, Sustain the Continent in 2026 | African Fintech Summit (AFTS), the premier global initiative dedicated to African Financial Technology (Fintech) ecosystem, has projected African Fintechs in its 2026 Outlook, as an ecosystem that would transit from chasing global investmen... |
| 07.01.2026 | Africa's Fintech Future: Flutterwave's Mono Acquisition Reshapes Digital Finance | Flutterwave, Africa's leading fintech, finalized its acquisition of Nigerian open banking trailblazer Mono, in an all-stock deal valued between $25M and $40M. This landmark transaction signals a profound transformation in African financial ... |
| 06.01.2026 | Flutterwave Craves African Open Banking Action With Mono Acquisition | Image: Envato Africa’s payments landscape just shifted. Flutterwave—the continent’s largest fintech company—announced its acquisition of Nigerian open banking firm Mono in an all-stock transaction valued between $25 million and $40 million.... |
| 05.01.2026 | Nigeria: Flutterwave Acquires Mono in Deal Reportedly Valued Up to $40m | Flutterwave has acquired Nigerian open banking startup Mono in an all-stock transaction valued between $25 million and $40 million, according to people familiar with the deal. The acquisition brings together two fintech infrastructure compa... |
| 22.07.2025 | Vendy wants to become the go-to payment platform for social commerce in Africa | The rising number of social media users and online shoppers on the continent has fuelled a rise in social commerce. Nigerian startup Vendy joins a growing list of startups looking to become the de facto payment layer for Africa’s social com... |
| 05.06.2025 | How Nigerian founders are de-dollarising their startups | It used to be simple. You built something people wanted, got investments to buy the tools you need and create the team you need to scale exponentially—maybe a few smart hires from abroad. The tech ecosystem was flush with cash and hope for ... |
| 09.07.2024 | TLcom-backed Okra expands into cloud services | Okra, a Nigerian fintech whose APIs allow banks and other financial service providers to access customers’ data, is building a cloud infrastructure for businesses to host their data and run workloads. With Nigerian startups keen to reduce c... |
| 27.09.2023 | Podcast: Christian Idiodi’s Inspire Africa Conference is remodeling Africa’s product ecosytem | From September 17th to 21st, 2023, the Innovate Africa Foundation hosted the inaugural Inspire Africa Conference at the Eko Convention Centre in Lagos, Nigeria. The event’s objective was to empower the African product community, drawing ove... |
| 01.03.2022 | As API-first startups multiply, GGV builds an index | When GGV Capital reached out and said that it had built an index of API-first companies, I was curious. Venture-built indexes of startups and other firms have proved useful tools in recent years, led by Bessemer’s cloud index, which is now ... |
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