Mono
Mono is a fintech company based in Lagos, Nigeria, providing an open banking platform that offers various financial services across Africa. It is known for its robust API offerings, seamless user experiences, and commitment to privacy and user consent.
Services
Mono offers an open banking platform for businesses in Africa, allowing access to customer's bank account data and direct bank payment processing. The company provides a suite of products including Connect for financial account linking, Statement Pages for no-code bank statement collection, DirectPay for direct bank payment collection, DirectPay Pages for no-code bank payment collection, and Portal for linked account management. Additionally, Mono features Percept for corporate finance management and offers APIs, plug-and-play SDKs, and always-on support for developers.
Locations and Team Size
Mono operates out of Lagos, LA, Nigeria and has a team of 10 members. The company's operations span various regions including Nigeria, Africa, and partly remote work setups.
Y-Combinator Affiliation
Mono is part of the W21 batch of Y-Combinator, a notable startup accelerator that supports early-stage companies.
Fintech Industry Position
Mono operates in the fintech industry, focusing on the banking and exchange sub-sector. Its platform is trusted by companies such as Carbon, Autochek, Flutterwave, and Evolve Credit, highlighting its significant role in the digital finance ecosystem.
Product Features
Mono's products emphasize user experience and integration efficiency. Key features include seamless user experience transitions, always-on support, a free signup option, and a new widget version prioritizing user privacy and consent clarity. Mono's SDKs need updates for the new widget, which provides a sandbox for testing without credentials, quick institution coverage requests, and will be available until May 2024 in Kenya, Ghana, Nigeria, and South Africa.