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Young Nigerian entrepreneur receives $2 million to expand his startup operation

Employees of Mono_Photo

Mono, a Nigerian startup, has raised $2 million from five investors, to help digital businesses to access financial data and accounts of customers. This fundraising is one out of many.

The recent funds was obtained from a seed round, however, the Nigerian API firm, which wires customers and digital businesses together, has conducted two other funding.

The first being a pre-seed fundraising, which saw Mono secure $500,000 in September 2020, and $125,000 two months later. This takes the company’s total third party investment capital to $2.62 million.

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The $2 million capital was raised from Entrée Capital, VC Lateral Capital, Babs Ogundeyi, Kuda’s co-founder and chief executive officer, TCVP’s Gbenga Oyebode and Verod Capital co-founder, Eric Idiahi.

It was gathered from Abdul Hassan, CEO of Mono, that the capital will be disbursed into the expansion of Mono service, which is used by Carbon, Inflow Finance, Aella Credit, Credpal, Autochek, and Renmoney.

Hassan added that: “Our expansion is mostly inspired by our customers looking to expand to other markets, same with some of our products. We work with our customers to give them the right tools to build new experiences for their customers.”

Source: legit.ng

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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