Nigerian startup, Mono has been selected for Y Combinator Winter 2021 batch

Mono, a startup that provides access to your financial data from institutions across Africa through a single API, announced that it has been selected for Y Combinator Winter 2021 batch

Founded by ex-Paystack employee and CEO Abdul Hassan and CTO Prakhar Singh, Mono helps digital businesses in Africa access their customers’ financial account for data and payments.

Being selected for Y Combinator, Mono will have access to US$125,000 in seed funding. Y Combinator will work intensively with Mono for three months, to get them into the best possible shape and refine their pitch to investors for Demo Day in March, thereby making more investment opportunities available. Y Combinator will also provide further support and mentorship thereafter.

Two Nigerian startups, Stack Diagnostics and Thrive Agric were selected in the Y Combinator 2019 Winter batch.

Mono closed a $500,000 pre-seed investment from early-stage investors like Lateral Capital, Ventures Platform, Golden Palm Investments and Rally Cap in December 2020.