Mono — The modern way to access financial accounts in Africa.

Mono
Mono
Published in
3 min readJul 28, 2020

Imagine your company or project needs to connect to a user’s financial account in Africa.

You are pretty much screwed.

Here’s why

  1. Banks have the worst public APIs out there… if they even have any.
  2. Some providers in the market works by “screen-scraping” which
    gives inconsistent and slow response time.
  3. Legacy providers like MBS cost a ton and implementing their API
    is just a huge hassle for developers

Say hello to Mono

Mono is the easiest, fastest and better way to get access to your customers financial accounts for account statement, account balance, transactions,
account verification and initiate bank to bank payments.

At Mono, we’ve built a new way to connect to financial accounts without screen scraping which makes our API response blazing fast and stable!

Why Mono

Live data, blazing fast

Not only does Mono return live data, it does so extremely quickly, in most cases under a second.

Live balance and transactions!

A step-change in user experience

Another big problem “screen-scraping” suffers from is that interactivity is made very painful, for example when onboarding a user to your product using a screen-scraper to fetch data it can be dozens of seconds before the user gets any feedback. With mono, it’s just fast and stable!

Consider this side-by-side comparison of the Mono onboarding flow and the account onboarding flow of another provider.

Mono is on the left

Neo banks welcome

Mono support both banks and digital banks i.e Wallet, Kuda, Brass etc

An API you’ll love

One easy to use API to verify account details, get bank statement, get transactions and perform direct debit. Our developers doc is also
easy and straight forward to consume, no shenanigans.

Other features:

  • *Direct Debit
  • Statement Pages
  • and much more!

Pricing

We won’t charge you a setup fee or make you jump on a call to get started, unless if you really insist on talking to us 😃

We only charge $200/mo for 10k API calls for all our endpoints and if by
any chance you exhaust that, we then charge you 30N per call.

You can spend as little as you like, and you can leave us at any time. We want to provide you with such a great product experience that you will never leave and will want to tell everyone about how great Mono is.

Mono comes with free 100 live API calls.

Get access

Mono is currently by invite only. Due to the kind of access this offers, we don’t allow just anyone to have access to the platform.

If you’re interested in using Mono, kindly request access: Click here

On Direct Debit

We have partnered with Flutterwave in case you want to do direct debit payment with our APIs.

Finally

Our mission at mono is to become the platform that enables access
to customers financial accounts in Africa, one connection at a time.

Mono is available today for GTBANK, Access, Standard Chartered , Kuda, Fidelity, Barter, First bank, FCMB, Stanbic IBTC, Zenith, UBA. We’ll be connected to almost all the top tier banks by August!

We can’t wait to see what you build.

If you would like to see a demo, lets do a zoom call

Abdul,
Founder

Follow us on twitter 😃
Visit our website

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Mono
Mono
Editor for

Enabling access to financial accounts.