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Venture
Flutterwave Acquires Mono to Deepen Open Banking Integration in Africa
The acquisition unites two leading fintech players to streamline payments and financial data access across the continent.
January 5, 2026
Companies mentioned:
Flutterwave has acquired Mono, a leading African open banking infrastructure provider.
The deal aims to enhance payment experiences by simplifying onboarding and enabling smarter, more secure transactions.
This move signals a consolidation trend in the African fintech market, with a focus on building a more connected financial ecosystem.
Flutterwave, a major African payments technology company, has officially acquired Mono, a leader in African open banking infrastructure. This strategic acquisition brings together two significant players in the region's fintech landscape.
The integration of Mono's open banking APIs is expected to provide a faster, more secure, and frictionless payment experience for individuals and businesses. It will simplify onboarding processes and introduce smarter tools for recurring payments.
By incorporating Mono's technology, Flutterwave aims to build a more connected and interoperable financial system in Africa. This move underscores the growing importance of open banking as a core component in the evolution of alternative payment methods across the continent. This acquisition represents a significant consolidation in the African fintech space, highlighting a strategic push towards integrated financial services and enhanced data utilization for a broader range of financial products.
Read More:
https://flutterwave.com/mono
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