Companies · Fintech

MonoWinter 2021Acquired

Lagos · LA, Nigeria · Fintech · founded 2021 · https://mono.co

Diligence memoA one-page analyst read on Mono — recommendation, valuation, rhythm, risks.
$500K
Total raised · real
1
Rounds
Latest step-up
Top 31%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Dec 16 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Mono looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the fintech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.78× the median modeled value of Pre-Seed Fintech companies in 2019–2021 (29 peers) — value vs value, same stage and era.
  • Within the normal band (78% of peer median) for its niche.
Dormant
  • Last raise 5.5 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Where it sits in Fintech

Mono is one of 1063 Fintech companies tracked from Lagos, LA, Nigeria, on record since 2021. By capital raised it ranks in the upper tier (ahead of 70% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Plaid for Africa, but better.

We allow companies to access data from their customers bank accounts and allow them to debit money from these same bank accounts.

Fintech
Find Mono online

As reported in public records reported — not modeled.

NG
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0M$10M$15M$20MPre-Seed · 2020-12-16 Raised $500K (real) Modeled valuation $17M (est)$500K$17MPre-Seed2020

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$500K · 2020

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$17.0M
Base estimate est.
$320K
Conservative case
$167.3M
Upside case
$2.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 53% high
1.74×/yr
Annual markup
2.35×/yr upside case
5.5 yr
Elapsed time used
5.5 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
5.5 yr
On record since
2020
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1063 companies in Fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.1× of median
This company$500K
Sector median$4.3M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.9× of median
This company$500K
Sector median$550K
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$17.0M
Sector median$45.0M

Raised more than 70% of sector peers (real $). Modeled value above 76% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #18 of 29.

This companyCohort peer
$10.0M$100.0M$1.0B$100K$1.0M$10.0MCapital raised (log)Telda · Pre-Seed Raised $5.0M · modeled $134.8M (est)Prospa · Pre-Seed Raised $3.8M · modeled $86.2M (est)Kuda · Pre-Seed Raised $1.6M · modeled $70.1M (est)Wapi Pay · Pre-Seed Raised $2.2M · modeled $52.7M (est)Okra · Pre-Seed Raised $1.0M · modeled $43.8M (est)Hypcloud Inc. · Pre-Seed Raised $936K · modeled $41.0M (est)Chaka · Pre-Seed Raised $1.5M · modeled $36.8M (est)Fintech. TV PBC · Pre-Seed Raised $840K · modeled $35.1M (est)Cassbana · Pre-Seed Raised $1.0M · modeled $32.6M (est)OnePipe · Pre-Seed Raised $950K · modeled $32.2M (est)Aella Inc. · Pre-Seed Raised $655K · modeled $28.7M (est)Ensibuuko · Pre-Seed Raised $1.0M · modeled $27.5M (est)Mono (this company) Raised $500K · modeled $17.0M (est)Mono
CompanyStageRaised · realValue · estvs peer med.
TeldaPre-Seed$5.0M$134.8M6.17×
ProspaPre-Seed$3.8M$86.2M3.95×
KudaPre-Seed$1.6M$70.1M3.21×
Wapi PayPre-Seed$2.2M$52.7M2.41×
OkraPre-Seed$1.0M$43.8M2.01×
Hypcloud Inc.Pre-Seed$936K$41.0M1.88×
ChakaPre-Seed$1.5M$36.8M1.68×
Fintech. TV PBCPre-Seed$840K$35.1M1.61×
CassbanaPre-Seed$1.0M$32.6M1.49×
OnePipePre-Seed$950K$32.2M1.47×
Aella Inc.Pre-Seed$655K$28.7M1.31×
EnsibuukoPre-Seed$1.0M$27.5M1.26×
Mono this companyPre-Seed$500K$17.0M0.78×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$500K2020-12-16$2.8M$17.0M45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$500K2020-12-16
    • First recorded raise — entered as Pre-Seed.
Intelligence
Modeled next raise
$800K
Modeled next size est.range $520K$1.3M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

Mono is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
NG
Jurisdiction
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Allison Fintech CoFintechPre-Seed$500K$5.1Msame sector · same stage
Stream Pay Platforms Africa Inc.FintechPre-Seed$500K$1.2Msame sector · same stage
SwipeFintechPre-Seed$500K$7.1Msame sector · same stage
SyarpaFintechPre-Seed$500K$8.1Msame sector · same stage
Bayside CreditFintechPre-Seed$489K$12.7Msame sector · same stage
Trade LendaFintechPre-Seed$520K$5.5Msame sector · same stage
White Dog Trading & Storage, LLCFintechPre-Seed$543K$4.0Msame sector · same stage
JulayaFintechPre-Seed$550K$24.1Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Lenco
Pan-African digital bank for Africa's 50m businesses
Fintech80%
Pluggy
Plaid for Brazil: we allow developers to access users' financial data
Fintech80%
Anchor
Embedded finance platform for African businesses
FintechPre-Seed$13.2M80%
Fuse
Unified API for financial data aggregators.
Fintech79%
Purpose Finance
Accelerating the shift to a more transparent economy
Fintech79%
Infinity
Business banking for cross-border SMBs & Startups
Fintech79%
Prelim
Software for banks to open bank accounts
Fintech78%
Finantier
Plaid for Southeast Asia
Fintech78%
Frequently asked
How much funding has Mono raised?
Mono has raised approximately $500K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Mono's estimated valuation?
Provath's modeled valuation for Mono is approximately $17.0M (modeled range $320K–$167.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Mono at?
Mono's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Dec 16.
What does Mono do and where is it based?
Mono operates in the Fintech sector, based in Lagos, LA, Nigeria. Plaid for Africa, but better.
Explore related

See where Mono sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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