Entrée Capital participates in Nigerian fintech round

Nigerian fintech company Mono has raised a $2 million seed round of funding from Entrée Capital (investors in Stripe, Gusto and Kuda) and Gbenga Oyebode’s fund (TCVP). Existing investors Lateral Capital also participated together with Babalola Ogundeyi (CEO of Kuda Bank) and a number of angel investors.

Mono’s mission is to become the go-to financial data infrastructure API platform in Africa.

This new capital will help Mono double down on its core platform (Mono Connect) and launch new products and features to ensure Mono is the most powerful – and reliable – way for businesses and developers to access financial accounts in Africa.

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