Flutterwave’s $40 million acquisition of Nigerian open banking startup, Mono, is targeted at unlocking access to more than eight million bank account linkages and over 100 billion financial data points generated across Nigeria’s digital economy, BusinessDay findings have revealed.
Those figures sit at the core of Flutterwave’s strategic rationale. While payment volumes signal transaction flow, bank linkages and data points reveal behaviour, that is, how money is earned, spent, saved, and repaid.
In a credit-hungry economy where formal cre
