6 months ago, we started the journey of Mono to create easier and better access to customers’ financial data for many businesses across Africa. 2 months into this new journey and we raised a $500k pre-seed round and doubled down on building the plaid for Africa.
Fast forward to now and we are even more excited to announce that we got backed by Y Combinator, Winter 2021 batch. We are more energized and strengthened in our mission to make user authorized access to financial data a secure and seamless experience for both the end-user and the business.
With this support, we are looking forward to doing more.
Solving one problem at a time
At Mono, we don’t just want to solve problems, we want to build innovative solutions for these problems. This is why we are focused on making the onboarding experience on apps a lot smoother for users with our 1-click sign up feature. With this feature, we want to make it easier for users to transfer their data between apps without manually submitting their KYC again. Stay tuned for the rollout of this feature!
We have always received incredible support from our community and this has impacted our work and shaped us as a company. Being a part of Y Combinator Winter 2021 batch opens us up to a new community of founders and investors with access to learning resources, strategic business advice, and invaluable connections. We are looking forward to experimenting, iterating, and finding what works.
Growing and expanding
In the course of 6 months, we have built a number of products from Statement Pages, a stress-free way to retrieve your customer’s bank statement, to Mono Connect Widget, which helps businesses securely access user’s financial account at lightning speed, then Direct Debit which initiates recurring payments and transactions within your product. So yes, we are going to build more amazing products for you.
We also plan to grow more and expand into Ghana and Kenya by the end of Q1. Our $125,000 YC funding plus the opportunity to receive more funding from other investors will make our expansion plans into other countries an achievable feat. We will continue to preach the gospel of Mono, one country at a time.
Building with an A+ team
Our team of monoliths is at the heart of all we do. We wouldn’t have come this far in such a short time without the help of these amazing humans doing the best work of their lives. So, we intend to continue hiring top talents across Africa and keep building innovative solutions.
This is just the start of a great story for us 💪🏾