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 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. The company experienced a pivotal moment in January 2026 when it was acquired by Flutterwave Inc. , enabling the integration of Mono’s APIs into Flutterwave's platform for improved financial transactions.

Mono has engaged in 1 deal since its inception, which showcases its growing presence in the fintech space. 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 operates across several African markets, including Nigeria, Ghana, and Kenya, serving both B2B and direct-to-consumer segments. 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. This model supports both one-time payments and recurring collections, establishing a consistent revenue stream and fostering strong financial relationships with clients.

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.