Mono (YC W21)
Financial ServicesLagos, Nigeria51-200 Employees
Mono is a Lagos-based financial services company backed by Y Combinator's Winter 2021 cohort. It develops open banking infrastructure that lets businesses connect with their customers' bank accounts, delivering real-time access to account information and enabling direct bank payments. The aim is to broaden access to essential financial resources to support enterprise growth and contribute to Africa's economic development. Its target customers are businesses seeking to streamline payments and gain visibility into customer finances through direct bank account connections. The company has pursued collaborations with major payment and payroll platforms, including partnerships with Mastercard and integration with PaidHR, illustrating its role in expanding digital payments across the continent. In January 2026, Flutterwave announced the acquisition of Mono Technologies Nigeria Limited, signaling ongoing consolidation within Africa's payments ecosystem.