Flutterwave Boosts African Fintech with Mono Acquisition

Flutterwave, a leading fintech company, has acquired Mono, an African open banking platform, to strengthen its payment infrastructure and accelerate growth in Africa. The acquisition aims to provide faster onboarding, reduce fraud, and offer seamless account-to-account payments.

Olugbenga Agboola, the founder and CEO of Flutterwave, emphasized the importance of a unified system to support Africa's financial future. Mono will retain its operational independence and contribute to Flutterwave's broader payment ecosystem.