Mono has completed a $2M seed round, to revamp core platform and launch new products and features

Techi Africa | June 2, 2021

Nigeria API fintech Mono showed lots of promise when it made it to Y Combinator’s W21 startup accelerator program. Founded in 2020, the Nigerian fintech raised a $500,000 pre-seed funding round from Ventures Platform, Ingressive Capital, and Rally Cap Ventures 9 months ago for its Plaid for Africa platform, in addition to receiving $125,000 from participation at the YC program 2 months prior.

Mono has now closed a $2 million seed investment from Entree Capital, Lateral Capital, among other investors. The new funds will reinforce Mono’s core platform and launch new products and features. The investment originates from local and global investors with a wealth of experience in global API infrastructure standards within the African regulatory ecosystem.

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