Flutterwave Buys Nigeria’s Mono in Rare African Fintech Exit
Flutterwave acquires Mono in a landmark $25M–$40M all-stock deal, accelerating Africa’s open banking revolution and deepening fintech infrastructure.
Matilda
Flutterwave Buys Nigeria’s Mono in Rare African Fintech Exit
Flutterwave Acquires Mono in Landmark African Fintech Deal In a move that reshapes Africa’s fintech landscape, Flutterwave—the continent’s most valuable fintech—has acquired Nigerian open banking pioneer Mono in an all-stock transaction valued between $25 million and $40 million. The deal, confirmed by people familiar with the matter, marks one of the rare successful exits in Africa’s startup ecosystem and signals growing maturity in the region’s financial technology infrastructure. For users, lenders, and developers across Africa, this acquisition could mean faster integrations, richer data insights, and a more unified financial experience. Credit: Mono Why This Deal Matters for Africa’s Fintech Future Flutterwave, already a powerhouse in cross-border and domestic payments across more than 30 African countries, now gains direct access to Mono’s robust open banking APIs. Often dubbed “the Plaid for Africa,” Mono enables businesses to securely access customers’ bank data—with consent—to ve…
