About Mono
Mono is a company based in San Francisco (United States) founded in 2020 by Prakhar Singh and Abdul Hassan was acquired by Flutterwave in January 2026. It operates as a API-as-a-Product, Subscription Services, and FinTech. Mono has raised $17.63 million across 4 funding rounds from investors including Flutterwave, Tiger Global and Target Global. Mono offers products and services including Connect, DirectPay, Statement Pages, and Percept. Mono operates in a competitive market with competitors including Zeta, Tink, M2P Fintech, Apiture and Finix, among others.
- Headquarter San Francisco, United States
- Founders Prakhar Singh, Abdul Hassan
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mono Technologies Nigeria Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.63 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Series A
Oct 11, 2021
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Investors
Flutterwave
& 15 more
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Employee Count
Employee Count
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Acquired by
Flutterwave
(Jan 05, 2026)
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Products & Services of Mono
Mono offers a comprehensive portfolio of products and services, including Connect, DirectPay, Statement Pages, and Percept. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Financial accounts are accessed securely for data retrieval.
Bank payments are collected directly without card usage.
Bank statements are collected using no-code solutions.
Corporate accounts are managed for financial reconciliation.
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Funding Insights of Mono
Mono has successfully raised a total of $17.63M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $15.0M
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First Round
First Round
(21 Sep 2020)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series A - Mono | Valuation | Tiger Global Management | |
| May, 2021 | Amount | Seed - Mono | Valuation | Entree Capital | |
| Feb, 2021 | Amount | Seed - Mono | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mono
Mono has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Flutterwave, Tiger Global and Target Global. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mono
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mono
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mono Comparisons
Competitors of Mono
Mono operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeta, Tink, M2P Fintech, Apiture and Finix, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Banking, lending, and payment solutions are provided via custom APIs.
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| domain | founded_year | HQ Location |
Open banking APIs are delivered to financial institutions and banks.
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| domain | founded_year | HQ Location |
API-enabled platform for business payment processing is provided.
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| domain | founded_year | HQ Location |
Bud Financial is focused on transforming transaction data into actionable insights for financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mono
Frequently Asked Questions about Mono
When was Mono founded?
Mono was founded in 2020.
Where is Mono located?
Mono is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Mono?
Abdul Hassan is the current CEO of Mono. They have also founded this company.
Is Mono a funded company?
Mono is a funded company, having raised a total of $17.63M across 4 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Sep 21, 2020.
What does Mono do?
High-quality financial data access and direct bank payment solutions are offered by Mono to businesses across Africa. Services are focused on enabling secure financial account linking, no-code bank statement collection, and direct payment processing. The platform is designed to support developers, SMEs, and enterprises in the digital finance sector with customer-focused solutions. Various tools like APIs, SDKs, and dashboards are provided to facilitate seamless integration and management of financial operations.
What products or services does Mono offer?
Mono offers Connect, DirectPay, Statement Pages, and Percept.
Who are Mono's investors?
Mono has 16 investors. Key investors include Flutterwave, Tiger Global, Target Global, General Catalyst, and SBI Investment.
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