Wednesday
October 13
2021

African Fintech Startup, Mono Raises $15 Million Series A

By Janet John

Five months after closing $2 million in seed investment, Mono, a robust open banking platform for Africa has raised a $15 million Series A round to power the digital economy in Africa.

The round was led by Tiger Global with participation from Target Global, General catalyst, and SBI Investments. Existing investors, Entrée, Acuity, Ingressive, Lateral Capital, and GPIC also participated in this round.

This raise brings Mono’s total outside funding to $17.6 million.

Photo courtesy of Pete Linforth.

Source: Nairametrics (link opens in a new window)

Categories
Finance, Technology
Tags
digital banking, emerging markets, financial inclusion, fintech, technology