Mono an open banking infrastructure company through its powerful APIs enables next-generation African businesses to leverage financial data and receive direct bank payments on a single platform.
Through a single API, its plug-and-play technology enables clients like Flutterwave, Carbon, and Indicina to access a wide variety of high-quality financial data from banks throughout Africa.
To accelerate its plans for a continental expansion, the startup, which was a member of the prestigious Silicon Valley-based Y Combinator’s W21 batch, obtained a US$15 million Series A led by Tiger Global in October of last year. It has since officially confirmed its launch in Kenya.
Internet companies will be able to develop cutting-edge products and experiences in lending, finance and asset management, BNPL, mobile money, and other fields thanks to Mono’s debut into the Kenyan market.
With an expanding number of companies creating really cutting-edge financial solutions, Kenya is a booming East African center for financial services.
By offering dependable infrastructure that Kenyan enterprises may use to connect to the internet economy, Mono will reduce obstacles and difficulties.
Mono’s CEO, Abdul Hassan, made a statement saying: “we’re eager to collaborate with Kenyan companies to enable them to broaden their customer offers, become data-informed, and make increasingly precise business decisions.”
“This launch in Kenya marks the company’s entry into East Africa and also our first move outside the nation where we started almost two years ago.
We are happy to be bringing these opportunities that Mono offers to other markets and are looking forward to everything we will learn.”
Featured Image: Mono Co-founders
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