Mono

Mono is an open banking and direct bank payments platform for businesses and fintech apps in Africa. The company was founded in 2020 and is headquartered in Lagos, Nigeria. According to the public description, it has backing from Tiger Global and Y Combinator.

Products The core payment product is Mono DirectPay, which supports one-time and recurring account-to-account (A2A) payments. Alongside it sit Account Number Lookup, Statement Parsing and BVN Verification, which help lenders and payment companies confirm an account holder and read bank data.

Markets and clients The company lists Nigeria, Ghana, Kenya and South Africa as its geography and describes itself as a key A2A layer for Nigeria and Ghana. Target verticals include fintech, lending, PSPs, crypto, e-commerce and iGaming.

Pricing The commercial model is pay-as-you-go or an enterprise subscription. Per-call rates, limits and onboarding requirements are not given, so they should be requested directly. Teams comparing bank-transfer rails for African markets may weigh this against card-based acquiring on cost and settlement speed.