Flutterwave, Africa’s leading payments technology company, has acquired Mono, a pioneer in open banking infrastructure. The move is designed to deepen Flutterwave’s account-to-account (A2A) payment capabilities and build a more connected financial ecosystem across the continent. The transaction, announced on 5 January, positions open banking as a central pillar in Flutterwave’s strategy. Open banking provides the connective tissue, and Mono has built critical infrastructure in this space. Founded in 2020, Mono connects to over 50 banks and reaches more than 8 million bank customers across Africa.

Source: The North Africa Journal January 10, 2026 02:42 UTC