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Africa’s largest fintech company, Flutterwave, has acquired Nigerian open banking startup Mono in an all-stock deal valued between $25m and $40m. The acquisition brings together two of Africa’s leading fintech infrastructure companies. Flutterwave operates one of the continent’s widest payments networks, while Mono, often described as the “Plaid for Africa,” has built APIs that allow businesses to access bank data, initiate payments, and verify customers.
“If the economy is going to be credit-driven, you need deep data intelligence to know how people earn and spend,” Hassan said. “But at the same time, for open banking to really work, regulators need to be confident that customer funds are safe.”
https://techcrunch.com/2026/01/05/flutterwave-buys-nigerias-mono-in-rare-african-fintech-exit/
