Flutterwave buys Nigeria’s Mono in rare African fintech exit

Market Intelligence Analysis

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Why This Matters

Flutterwave has acquired Nigerian fintech startup Mono in an all-stock deal valued between $25 million and $40 million, expanding its payments network in Africa.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Africa’s largest fintech company, Flutterwave, has acquired Nigerian open banking startup Mono in an all-stock deal valued between $25 million and $40 million, according to people familiar with the transaction. The acquisition brings together two of Africa’s leading fintech infrastructure companies. Flutterwave operates one of the continent’s widest payments networks, while Mono, often described as […]

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Original article published by TechCrunch on January 5, 2026.
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