In our last newsletter, we shared the Klump partner story, our expansion of the Mono Issuing services to more African countries, and updates to our virtual USD and Naira cards.
Our updates from October include the Mono Startup Pitch Kenya, the new interchange revenue API, and more. Keep reading for the highlights.
Company & Product Updates
Mono Startup Pitch Kenya
Last month, we hosted the Mono Startup Pitch event in partnership with Lateral Frontiers. Our team was in Nairobi and got to meet early-stage startups in East Africa building innovative solutions for users.
All startups who participated got a chance to pitch their ideas and receive fundraising assistance from top investors who attended.
We shared highlights from the event and which startup won the $5000 prize money. You can watch a quick recap of it here, or read more on our blog.
Mono Kenya Connect
While in Nairobi, we also hosted our first panel and networking session, Mono Kenya Connect. We got to connect with several Kenyan businesses and shared lessons on building startups and maintaining funding and partnership opportunities. Here are some pictures from the event.
If you couldn’t attend in person or watch the live session, you can catch up with the recorded video of the event.
Interchange revenue for USD cards
Partners who use our virtual USD card issuing service can now use the fetch interchange payouts API to track the interchange revenue amount on USD card transactions, allocated to their business. You can also search the status of your interchange payouts (pending or settled) and filter between dates. Try out the interchange payouts API.
Launch by Vella
Vella Finance has announced Launch, a new tool they have built to help small business owners and entrepreneurs in Nigeria easily register their businesses and get their CAC certificate, hassle-free. Businesses who register using Launch will also get access to other growth tools like a free business account, free e-commerce store, business loans, etc.
Grey launches in Tanzania
Grey has recently launched in Tanzania, expanding its services into another East African country. Now, users in Tanzania can use Grey to receive money and make international payments easily, or convert funds to Tanzanian Shillings and withdraw to their local bank accounts.