Mono - About the company
Mono is an acquired company based in San Francisco (United States), founded in 2020 by Abdul Hassan. It operates as an Open banking APIs for businesses. Mono has raised $17.6M in funding from investors like Y Combinator, Tiger Global Management and Entree Capital, with last known valuation of $*****. The company has 633 active competitors, including 153 funded and 62 that have exited. Its top competitors include companies like Razorpay, TrueLayer and Moniepoint.
Company Details
Open banking APIs for businesses. It enables businesses to access the customer's financial account for financial data, identity data, transaction history, balances, and more. It also initiates direct debits from the customer's account. It facilitates token-based authentication for transactions.
- Website
- mono.co
- Social
- Email ID
- *****@mono.co
- Registered Address
- san francisco,california,united states
Key Metrics
Founded Year
2020
Location
San Francisco, United States
Stage
Acquired
Total Funding
$17.6M in 4 rounds
Latest Funding Round
Last Known Valuation
$***** as on Feb 02, 2021
Investors
Ranked
22nd among 633 active competitors
Employee Count
69 as on Jul 31, 2026
Exit Details
Acquired by Flutterwave (Jan 05, 2026)
Legal entities associated with Mono
Mono is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Mono Technologies Nigeria Limited CIN: - , Belgium, Active | Mar 17, 2020 | - | - | - |
Mono's acquisition details
Mono got acquired by Flutterwave on Jan 05, 2026.
Click here to take a look at Mono's acquisition in detail
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Mono's funding and investors
Mono has raised a total funding of $17.6M over 4 rounds. Its first funding round was on Sep 21, 2020. Its latest funding round was a Series A round on Oct 11, 2021 for $*****. 9 investors participated in its latest round. Mono has 16 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Mono:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 11, 2021 | 5593181 | Series A | 9295494 | 3394729 | 3441505 | 5754129 |
May 24, 2021 | 8136491 | Seed | 4330074 | 1540314 | 9662740 | |
Feb 02, 2021 | 3097807 | Seed | 8763618 | 9310543 | 2804188 |
Access funding benchmarks and valuations. Sign up today!View details of Mono's funding rounds and investors
Mono's founders and board of directors
Founder? Claim ProfileThe founders of Mono is Abdul Hassan. Abdul Hassan is the CEO of Mono.
Here are the details of Mono's key team members:
- Abdul Hassan: Co-Founder & CEO of Mono. They are also an angel investor in 6 startups.Contact Info: 1 email address
View details of Mono's Founder profiles and Board Members
Mono's employee count trend
Mono has 69 employees as of Jul 26. Here is Mono's employee count trend over the years:
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Mono's Competitors and alternates
Top competitors of Mono include Razorpay, TrueLayer and Moniepoint. Here is the list of Top 10 competitors of Mono, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of payment and business banking solutions for enterprises | $742M | 85/100 | ||
2nd | TrueLayer 2016, London (United Kingdom), Series E | Open banking platform enabling secure bank-to-bank payments and payouts | $322M | 78/100 | |
3rd |  Moniepoint 2019, London (United Kingdom), Series C | Provider of integrated financial services for businesses and individuals | $266M | 74/100 | |
4th | M2P Fintech 2014, Chennai (India), Series D | Provider of APIs enabling banking, lending, and payment financial services | $188M | 74/100 | |
5th |  Cross River Bank 2008, Fort Lee (United States), Series D | Platform offering API-driven financial infrastructure | $898M | 72/100 | |
6th | Galileo 2000, Sandy (United States), Acquired | Provider of cloud-based platform for financial technology and digital banking | $85M | 72/100 | |
7th | Provider of banking-as-a-service platform offering digital banking and payment solutions | $736M | 72/100 | ||
8th |  Trustly 2008, San Carlos (United States), Acquired | Open banking-enabled payment processing solution for businesses | $28.7M | 71/100 | |
9th | Platform offering open banking API | $158M | 70/100 | ||
10th | Yapily 2017, London (United Kingdom), Series B | Provider of open banking platform facilitating payments and financial data access | $70.8M | 69/100 | |
22nd | Mono 2020, San Francisco (United States), Acquired | Open banking APIs for businesses | $17.6M | 64/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Mono's competitors? Click here to see the top ones
Mono's Investments and acquisitions
Mono has made no investments or acquisitions yet.
Reports related to Mono
Here is the latest report on Mono's sector:
News related to Mono
Filter this listMedia has covered Mono for a total of 5 events in the last 1 year.
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Africa's Startup Funding Falters: Fewer Early-Stage Investments Despite Strong Exit PerformanceBusinessDay•Jul 14, 2026•Flutterwave, Co, Mono
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Mergers and Acquisitions are Surging Amidst Market Exuberance on the Exit TrailTech Labari•Feb 02, 2026•Flutterwave, Paystack, Mono
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Flutterwave Acquires Mono to Boost Open Banking in AfricaPYMNTS.com•Jan 05, 2026•Mono Solutions, Flutterwave, Mono, Silverbacks Holdings
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