Mono, a Nigerian fintech startup has announced that it is expanding its services to Kenya.
Mono builds an open banking infrastructure to enable access to customer financial data and bank payments for digital businesses in Africa.
The startup says Kenya, being one of the most populous East African countries and an advanced mobile money technology and services hub, creates a population of customers who have a growing appetite for innovative money solutions.
“Kenya is a thriving East African hub for financial services, with a growing pool of businesses building truly innovative financial solutions. Mono will remove complexities and friction by providing reliable infrastructure that new and existing Kenyan businesses can leverage to plug into the internet economy. We’re excited to work with Kenyan businesses to empower them to expand their offerings for customers, become data-informed, and make increasingly accurate business decisions,” Mono CEO Abdul Hassan said.
Mono has been working with a number of local businesses that provide customers with various financial solutions – from rent financing to micro loans – in the last few months prior to this launch. It says this pilot has been insightful and instrumental to its understanding of the important role that secure access to financial data plays in the Kenyan market.
In Kenya, Mono will secure access to customer financial data (transactions, income, statements) with the Mono Connect API, provide coverage across the top 5 financial institutions, offer powerful, easy-to-integrate, and documented APIs, provide developer resources, SDKs, and Libraries, offer integration assistance, provide a dashboard to track customer connections and clear pricing to match your business needs.