Flutterwave Acquires Mono to Advance Open Banking and Account-to-Account Payment
- Flutterwave has acquired Mono, enhancing its open banking capabilities.
- Mono's API-driven platform provides secure access to financial data and identity verification.
- The acquisition allows Mono to maintain its independent operations and leadership structure.
The acquisition of Mono by Flutterwave is a strategic move that not only strengthens their market position but also signifies a pivotal shift in the African fintech landscape. By focusing on open banking and secure payment methods, this collaboration could potentially revolutionize how financial services operate in the region, fostering greater trust and efficiency.
