Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Mono.co
| Business Description | Company Details |
|---|---|
| Official Website | https://mono.co/ |
| Headquaters | 8 Professor Gabriel Olusanya St, Lekki Phase I, Lekki 106104, Lagos |
| Country | Feautured, Nigeria |
| Company's Networth | $2.625 million |
| Business Type | Private Company |
| Year Founded | 2020-05-12 |
| Company Email | support@mono.co |
| Company Size | 51 - 100 |
| Co-Founder(s) | Abdulhamid Hassan |
| Recieved Funding? | yes |
| Number of Funding rounds | 5 |
| Funding Type | Angel investors, Venture capital, Series B Funding, Seed funding |
| Venture Capitalist | Ycombinator , Entree capital , Tiger Global, and Target Global |
| Industry | Finance, Financial Software |
| Specialty | |
| Linkedin Profile | https://www.linkedin.com/company/withmono/ |
About Us
Mono is a technology company that uses open banking as a layer for financial data, identity data, and bank transfer payments for businesses in other to power the digital economy in Africa.
Mono is one of three API fintech companies to have raised a seed investment this year.
Our History
Launched in August 2020, the company streamlines various financial data in a single API for companies and third-party developers. Mono allows them to retrieve information like account statements, real-time balance, historical transactions, income, expenses and account owner identification with users’ consent.
In a region where more than half of the population is either unbanked or underbanked, open finance players like Mono are trying to improve financial inclusion and connectivity on the continent.
Open finance thrives on the notion that access to a financial ecosystem via open APIs and new routes to move money, access financial information and make borrowing decisions reduces the barriers and costs of entry for the underbanked.
Nigerian API fintech startup closed $2 million in seed investment to charge the African Internet economy, after announcing its acceptance into Y Combinator’s Winter 2021 batch in February.
Recall that in September 2020, the startup raised $500k pre-seed with plans to build Plaid for Africa.
Our Vision
to power businesses with access to financial data, and more recently, direct bank payments, to create better financial experiences for their customers has progressed with a lot of learning.
Mono.co Logo
Our Mission
to power the digital economy in Africa, using open banking as a layer for financial data, identity data, and bank transfer payments for businesses.
Our Core Values
trust, access, and security
Our Services
Mono helps businesses to access high-quality financial data and direct bank payments.
Enabling African businesses to access financial data, initiate bank payments, and build financial products.
Our Business Model
Mono enables companies and developers to access financial accounts for historical and real-time transactions, balances, bank statements, credits, and spending patterns of a customer.
In partnership with payment gateways in Nigeria like Flutterwave, Mono also has the capabilities to initiate direct debit payments and recurring debits on customers’ accounts.
