Almost exactly two years ago, Mono went live in Nigeria. Our founders, Abdul Hassan and Prakhar Singh had finally put services built from months of work and planning on the market to make innovation and automation possible and reliable through Open Banking in Africa.
Today, we're announcing that Mono is live in Kenya. Kenya is one of the most populous East African countries and is an advanced mobile money technology and services hub, creating a population of customers who have a growing appetite for innovative money solutions.
Working with growing Kenyan businesses that provide customers with various financial solutions — from rent financing to micro loans — in the last few months prior to this launch, has been insightful and instrumental to our understanding of the important role that secure access to financial data plays in the Kenyan market.
Speaking to Bryan Maranga, Product Manager at LipaLater Group, Kenya, he said, "There is less friction with our customer journey and customers are able to sign up and receive credit decisions instantly resulting in better customer satisfaction. We’ve also seen improved Turnaround Times (TATs) with customers, and we’re able to make more informed credit decisions as we do not rely on customers’ self-reported income and expenses.”
To help more businesses like Lipa Later achieve their goals in Kenya, here's what Mono is offering.
What you get with Mono in Kenya
Secure access to rich customer financial data (transactions, income, statements) with the Mono Connect API.
Coverage across the top 5 financial institutions.
Powerful, easy-to-integrate, and documented APIs
Developer resources, SDKs, and Libraries
Integration assistance
A Dashboard to track your connections, and more
Free and easy signup
Clear pricing to match your business needs
How to get started with Mono in Kenya
To get started with Mono in Kenya, visit mono.co/signup
What do I need to create an account?
As a developer:
To sign up to use Mono as a developer, you'll need to provide the following details:
Your personal ID; National ID or International passport
As a registered business:
To sign up to use Mono as a registered business, you'll need to provide the following details:
Your personal ID: National ID or International passport
Corporate registration certificates
Proof of business address
Questions you might have and answers to them
Who can use Mono in Kenya?
Online businesses that provide lending, BNPL, accounting, personal finance management, asset and debt advisory solutions, and other tech-enabled businesses with a need for access to user-permissioned financial data.
Do I need a developer to use Mono?
You can use Mono’s products without having a software developer on your team. Statement Pages is a no-code product that allows you to securely collect financial statements from your users without writing any code. Here’s a detailed guide on how to set up Mono Statement Pages.
How do I activate my business on Mono?
After signing up on Mono, you can follow this guide to activate your business in Kenya.
How do I get support when I need it?
You can always reach out to our support team via email at support@mono.co. You can also get assistance from the team by clicking on the support tab at the bottom right corner of your dashboard, to start a conversation with someone from the team.
Join us from Kenya
In the coming week, we'll be hosting a couple of events to meet more businesses and developers in Kenya. We’ll be answering your questions and sharing more about Mono’s plans in Kenya.
Meet the Product team
Join in to listen to our Product team share more about our launch in Kenya, what our roadmap for helping growing businesses in Kenya looks like, and answer your questions. You will also meet the budding Kenya team.
You can register for the event here.
Meet the Integrations Team: Developer Session
Join in to listen to our Integration team walk you through how to get started with building innovative solutions with Mono APIs in Kenya, and also answer any technical questions you may have.
Register here to attend the event.
