Transaction · Embedded Finance · 2026

Flutterwave / Mono 2026

Flutterwave acquired Mono on January 1, 2026.

Target
Mono
Acquirer
Flutterwave
Announced
January 1, 2026
Sub-sector
Embedded Finance

Transaction overview

  • Flutterwave announced the acquisition of Mono on January 1, 2026.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Acquisition of open banking infrastructure enabling Flutterwave to secure Nigerian microfinance banking licence, own deposit and lending capabilities, and improve margins through proprietary settlement rails.

Deal terms & multiples

Deal value
Target revenue
Target EBITDA
EV / Revenue
EV / EBITDA
Announcement
January 1, 2026
Acquirer
Flutterwave (Strategic)
Sub-sector
Embedded Finance

Frequently asked questions

When did Flutterwave announce the acquisition of Mono?

Flutterwave announced the acquisition of Mono on January 1, 2026.

What sub-sector is Mono in?

Mono is tracked in the Embedded Finance sub-sector.

Sources