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Flutterwave acquires Mono, Africa’s open banking platform, to boost digital payments and financial innovation.
Flutterwave has acquired Africa’s open banking platform Mono in a move to strengthen its payments infrastructure and advance data-driven financial services across the continent.
The all-stock deal, valued between $25 million and $40 million, allows Mono to remain operationally independent with its leadership intact.
The integration will enhance account-to-account payments, onboarding, fraud prevention, and compliance, while supporting future innovations like stablecoins.
The acquisition reflects a strategic shift from card-based to bank-led payments, improving scalability, security, and interoperability across Africa’s digital economy.
Flutterwave adquiere Mono, la plataforma de banca abierta de África, con el objetivo de impulsar los pagos digitales y la innovación financiera.