This company provides Open Banking APIs that enable businesses to access real-time financial data and facilitate bank payments across Africa. Their platform offers solutions for data enrichment, creditworthiness verification, and identity proofing through secure connections to customer financial accounts. They empower developers with tools for KYC, lending decisions, payment collection, and personal finance insights via simple API integration.
Funding
$20.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+4Founders
Product
Problem
Many businesses in Africa face challenges accessing reliable financial data and processing payments due to the limited adoption of traditional payment methods and the complexities of integrating with various financial institutions. This restricts their ability to offer seamless digital financial services and manage their finances effectively.
Solution
Mono provides a suite of APIs that enable businesses to securely connect to customer bank accounts, retrieve financial statements, and process direct bank payments without the need for cards. The platform simplifies access to financial data and payment collection, allowing businesses to build and scale innovative financial products and services. By reducing reliance on traditional payment methods and offering seamless integration into web and mobile applications, Mono empowers businesses to participate in the digital economy.
Target Audience
Mono primarily targets businesses and developers in Africa seeking to integrate financial data access and direct bank payments into their web and mobile applications.
Features
- **Connect API:** Securely links to customer financial accounts, providing access to transaction history, account balances, and identity information.
- **Statement Pages:** Enables no-code bank statement collection, allowing businesses to receive customer bank statements in minutes.
- **DirectPay API:** Facilitates direct bank payment collection within web and mobile applications, eliminating chargebacks.
- **DirectPay Pages:** Offers a no-code solution for collecting bank payments.
- **Portal:** Provides a centralized platform for managing linked accounts and monitoring financial data.
- **Percept:** Offers corporate finance management tools for reconciliation across multiple accounts.
- **SDKs:** Plug-and-play SDKs for simplified integration.