Fintech Mono raises US$2m seed investment to boost internet economy in Africa

MOROCCO – Nigerian fintech organisation Mono has announced that it has closed a US$2 million in seed investment to power the internet economy in Africa. Launched in August 2020, the company streamlines various financial data in a single API for companies and third-party developers. Mono allows them to retrieve information like account statements, real-time balance, historical transactions, income, expenses and account owner identification with users’ consent. The investment comes just nine months after the company raised US$500,000 in pre-seed last September and two months after receiving US$125,000 from Y Combinator.…

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