Flutterwave strengthens African fintech infrastructure with Mono acquisition
Date: 2026-01-27
By: Nana Appiah Acquaye
Flutterwave
has announced the integration of Mono into its ecosystem, a strategic move
aimed at reinforcing Africa’s financial infrastructure rather than limiting
competition. Commenting on his LinkedIn social media platform, founder and CEO
Olugbenga Agboola emphasized that the acquisition focuses on strengthening the
“rails” that underpin the continent’s fintech ecosystem, including open banking
and stablecoins.
Agboola
highlighted that critical financial infrastructure requires deep capital,
operational resilience, and regulatory robustness to support businesses and
individuals across Africa. By backing Mono, Flutterwave aims to provide
stability for fintechs, banks, SMEs, and consumers, ensuring that homegrown
financial solutions can scale sustainably.
The
move has garnered recognition from global institutions, including the NYSE,
underscoring the growing global significance of Africa’s financial
infrastructure and Flutterwave’s role in shaping the continent’s next era of
fintech development.
