Mono

Mono is an open-banking infrastructure company founded in 2020 in Lagos, Nigeria, by Prakhar Singh and Abdulhamid Hassan. It provides APIs that give African businesses access to customer-permissioned financial data, bank payments, and identity verification, and was acquired by Flutterwave in January 2026 while continuing to operate under its own brand and product line.

Its data products (Connect, Statement Pages, Data Enrichment, Creditworthiness) support lending and credit scoring, its payment products (DirectPay, DirectDebit, Disburse) enable one-off and recurring bank transfers, and its identity products verify government IDs and account ownership. Mono reports over eight million linked bank accounts and connections to more than 100 banks and fintechs across Nigeria, Ghana, and South Africa, serving clients such as PalmPay, PiggyVest, Kuda, and Moniepoint.

1. Financial data access: Connect retrieves real-time, customer-permissioned bank account data via API.

2. Statement analysis: Statement Pages and Data Enrichment structure raw bank statements for underwriting.

3. Creditworthiness scoring: A dedicated module assesses borrower risk using linked account data.

4. Bank payments: DirectPay and DirectDebit enable one-off and recurring account-to-account transfers.

5. Disbursement: Disburse lets businesses pay out funds directly to customer bank accounts.

6. Identity verification: Lookup and Prove verify government IDs and confirm account ownership.