CEO of Mono, emphasizing the importance of open banking and the potential for growth through the acquisition.
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.
“Mono acquisition value is way higher than what we have raised” — Abdulhamid Hassan, Mono CEO
Flutterwave acquires Mono in a multi-million-dollar deal, enhancing its fintech capabilities. The acquisition was structured as an all-stock deal, with details undisclosed but valued higher than Mono's previous $17.5 million funding.
Flutterwave Acquires Open Banking Startup Mono
Flutterwave has acquired Mono, a Nigerian open banking startup, in an all-stock deal valued between $25 million and $40 million. The acquisition signifies a major consolidation phase in African fintech, combining Flutterwave's payment network with Mono's data aggregation capabilities.
