Mono, one of Africa’s leading open banking and financial data platforms, is set to launch a new treasury management platform as it accelerates its growth following its recent acquisition by Flutterwave. The move marks a significant expansion of Mono’s product offering and signals its ambition to play a deeper role in powering financial operations for businesses across the continent.
The forthcoming treasury management platform is designed to help African businesses better manage cash flow, payments, and liquidity across multiple accounts and financial institutions. By consolidating financial data into a single dashboard, the platform aims to give finance teams real-time visibility into balances, inflows, and outflows, while enabling more efficient reconciliation and forecasting. For many African startups and enterprises that operate across borders and currencies, this promises a much-needed layer of financial control and automation.
Mono’s acquisition by Flutterwave has provided both strategic backing and scale. Flutterwave, one of Africa’s largest payments companies, processes millions of transactions for businesses across dozens of countries. By integrating Mono’s data infrastructure with Flutterwave’s payment rails, the treasury platform is expected to offer seamless movement of money alongside deep financial insights. This combination positions Mono to serve not just startups, but also large enterprises, fintechs, and multinational companies operating in Africa.
The launch also aligns with Mono’s broader Africa-wide expansion strategy. Initially built to help developers access bank account data in Nigeria, Mono has steadily expanded its footprint to other key markets, including Ghana and Kenya. With the treasury management platform, Mono plans to target businesses across multiple African regions, addressing the fragmented nature of banking systems and the operational complexity of managing funds across borders.
Industry observers see this move as part of a wider trend in African fintech, where companies are evolving from single-product solutions into full-stack financial infrastructure providers. As regulatory clarity improves and digital payments adoption grows, demand for sophisticated treasury and financial management tools is rising.
For Mono, the new platform represents a strategic bet on the future of African business finance. Backed by Flutterwave’s scale and reach, the company is positioning itself as a core layer in how money is monitored, moved, and managed across Africa’s fast-growing digital economy.
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