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BIG SCOOP! 🚨 Africa's most valuable unicorn, Flutterwave has acquired YC-backed open banking startup, Mono, in a deal estimated to be between $25million -$45million. The acquisition sets a precedent in Africa, as this is the first time a YC-backed company has acquired another YC-backed company! Get the scoop:

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Fatu

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54,815 views • 9 months ago •via X (Twitter)

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We're thrilled to announce that Mono has been acquired by Flutterwave! Mono will be joining The 'Wave in a strategic combination that brings together our pioneering Open Banking expertise with Flutterwave's unmatched scale and network across Africa. What this means for our partners and customers? More innovation, deeper infrastructure, wider scale, and no disruption. We're excited for the future ahead; building the financial stack Africa deserves, together. Here's our CEO, Abdul Hassan, on what this acquisition means for Mono, its partners, customers, and team. Read more here:
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