Mono to launch treasury management platform following Flutterwave acquisition, targets Africa-wide expansion
- Mono is set to launch a treasury management tool for African businesses in 2026.
- The startup was recently acquired by Flutterwave, enhancing its capabilities.
- Mono CEO Abdulhamid Hassan emphasized the importance of their existing infrastructure for the new platform.
Mono's ambitious plans to launch a treasury management tool could significantly enhance the financial landscape for African businesses. However, the delay in regulatory approval for open banking in Nigeria poses a challenge that could impact their growth trajectory. The collaboration with Flutterwave may provide the necessary scale to overcome these hurdles, but ongoing regulatory support will be crucial.
