Mono has announced the completion of a $15m series A funding round led by Tiger Global. According to the company, this round also had participation from Target Global, General catalyst, and SBI Investments, including existing investors, Entrée, Acuity, Ingressive, Lateral Capital, and GPIC. In September 2020, the company raised $500,000 in pre-seed investment. Then it took part in Y Combinator’s recent winter batch, where it raised $2m in seed funding. Founder and Chief Executive Officer, Abdulhamid Hassan, said the funding would allow the company to expand its team in order to help businesses and developers in every corner of Africa take advantage of its open banking and finance revolution.

Source: Punch October 11, 2021 23:26 UTC