Nigerian fintech startup Mono launches in Kenya
Mono, a Nigerian fintech startup that builds open banking infrastructure to enable access to customer financial data and bank payments for digital businesses in Africa, announced it has expanded its services to Kenya.
Kenya, being one of the most populous East African countries and is an advanced mobile money technology and services hub, creates 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 Mono's understanding of the important role that secure access to financial data plays in the Kenyan market.
Bryan Maranga, Product Manager, LipaLater, Kenya: ''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.''
In Kenya, Mono will secure access to customer financial data (transactions, income, statements) with the Mono Connect API, provide coverage across top 5 financial institutions, offer powerful, easy-to-integrate, and documented APIs, provide developer resources, SDKs, and Libraries, offer integration assistance, provide a dashboard to track customer connections and clear pricing to match your business needs.