Mono, a Nigerian open banking startup that enables companies and developers to access financial accounts for historical and real-time transactions, balances, bank statements, credits, and spending patterns of a customer, is now live in Kenya.
Services Mono Offers In Kenya
In Kenya, Mono will offer the following services:
- Secure access to rich customer financial data (transactions, income, statements) with the Mono Connect API.
- Coverage across the top 5 financial institutions.
- Powerful, easy-to-integrate, and documented APIs
- Developer resources, SDKs, and Libraries
- Integration assistance.
- A Dashboard to track your connections, and more
- Free and easy signup
- Clear pricing to match your business needs
A Look At What The Startup Does
Launched in August 2020 by Abdulhamid Hassan, ex-Product Manager, Paystack and the Indian Prakhar Singh, who previously founded Transferpay.ng, Mono enables companies and developers to access financial accounts for historical and real-time transactions, balances, bank statements, credits, and spending patterns of a customer.
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Mono claims to currently exist in Nigeria and Kenya as well as testing its beta bank connections in Ghana.
“Our mission has always been about making it easier access data in a simple, elegant and lightning-fast way. More API verticals (e.g. Intelligence insight API) coming soon,” the startup noted in a statement.
According to CEO Abdulhamid Hassan, Mono has two products that give it an advantage over its competitors. First, there’s DirectPay, a service that allows Nigerian businesses to accept bank transfer payments from customers through their website or mobile app without requiring them to use their debit cards.
Secondly, Hassan describes Statement Pages, its other product, as the first of its kind in Africa, allowing businesses to access clients’ financial accounts without the need for a developer.
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The startup also noted that its team is currently spread across its headquarters in Lagos, and India.
Mono open banking Mono open banking
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh