Fintech is expanding as brands look for ways to improve access for those who are un- or under-banked and one company leading the way is Mono. Launched by two software engineers, Abdul Hassan and Prakhar Sing, the app aims to aggregate Nigerian customer's financial accounts from various banks in Nigeria.
Mono allows companies and third-party developers to retrieve information like real-time balance, account statements, historical transactions, account owner identification, income, and expense. Users can also make direct debit payments as well as pay recurring debts through the app. Currently, Mono has secured partnerships with more than 16 Nigerian financial institutions and more than 100 businesses such as property and health technology service and lending companies.
Image Credit: Mono