Nigerian Fintech Startup Mono Raises USD 15 Mn Series A Round

Mono, a Nigerian fintech startup building open banking infrastructure that allows digital businesses in Africa access to customer financial data and bank payments, has announced a USD 15 Mn Series A funding round led by Tiger Global to help it accelerate its continental expansion goals.

Mono enables African digital businesses to access their consumers’ financial and identity information. Customers including Flutterwave, Carbon, and Indicina may use its plug-and-play technology to access a wide range of high-quality financial data from institutions across Africa using a single API.

The funding round will accelerate Mono’s efforts in expansion to other African regions and markets, enable the company to reinforce its key product offerings and build more products for African businesses, and bolster its infrastructure as a whole.