Tuesday
January 6
2026

Flutterwave Buys Nigeria’s Mono in $25 Million – $40 Million Deal to Deepen Africa’s Fintech Infrastructure

By Olusola Blessing

Africa’s largest fintech company, Flutterwave, has acquired Nigerian open banking startup Mono in an all-stock transaction valued between $25 million and $40 million, marking one of the most significant infrastructure-focused deals in Africa’s fintech space in recent years.

Photo courtesy of Christina Morillo.

Source: MSME Africa (link opens in a new window)

Categories
Finance, Technology
Tags
data, digital finance, Digital Public Infrastructure, fintech, infrastructure