Mono
Latest round
- Series A
Last raised
- Oct 2021
Total raised
- $17M
Investors
- 9
About Mono
Mono Technologies Nigeria Limited, trading under the name Mono is a Nigerian company specializing in Open Banking solutions that streamline financial transactions and enhance customer data management for businesses across various sectors. Founded in 2020 by co-founders Prakhar Singh (CTO), Abdulhamid Hassan (CEO) and headquartered in Lagos, Nigeria, Mono Technologies Nigeria Limited, trading under the name Mono focuses on providing open banking solutions that enhance financial data accessibility., from from Rally Capital, LoftyInc Capital Management, Golden Palm Investments Corporation, Ingressive Capital, Ventures Platform, Lateral Capital Management, Entree Capital, The Continent Venture Partners, General Catalyst Partners, SBI Holdings, Tiger Global Management and Target Global. Enabling the integration of Mono’s APIs into Flutterwave's platform for improved financial transactions.Mono Technologies offers a comprehensive suite of Open Banking products, including APIs for financial data access, identity verification, and direct bank payments. These services enable businesses to streamline customer onboarding, automate payment collections, and assess credit risk effectively. Their client base includes various industries such as digital lending and microfinance, with impactful partnerships like the one with Renmoney, which significantly reduced loan application turnaround times.Mono Technologies generates revenue primarily through transaction-based fees and subscription services associated with their API offerings. Clients incur fees for each processed transaction, varying by service, which includes features like customer identity verification and secure bank payment collections.Following its acquisition by Flutterwave in January 2026, Mono Technologies plans to leverage its open-banking capabilities to enhance onboarding and verification processes while reducing fraud and facilitating seamless account-to-account payments. The recent acquisition will also support strategies for entering new markets, although specific markets and timelines have yet to be disclosed. Mono aims to utilize the resources gained from this integration to expand its product offerings and further improve its operational efficiencies.
Who invested in Mono
9 investors across 2 rounds
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Questions about Mono
Who invested in Mono?
Mono has 9 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Mono raised?
Mono has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Mono last raise money?
Mono's most recent round on record is a Series A, in Oct 2021.
What does Mono do?
Mono Technologies Nigeria Limited, trading under the name Mono is a Nigerian company specializing in Open Banking solutions that streamline financial transactions and enhance customer data management for businesses across various sectors.
Where is Mono headquartered?
Mono is headquartered in Lagos, Nigeria.
Which VCs invest in companies like Mono?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Norrsken22 and 4DX Ventures back software companies at Mono's stage. Their profiles are linked below.
VCs backing software startups at Series A
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