Skip to content
whatismyalternative

Mono

Powering African businesses with Open Banking

Visit Mono

Mono is an open banking API platform that lets businesses connect to their customers' bank accounts to retrieve financial data, initiate bank payments, and verify identity across Africa. It addresses the need to access account information and move money without relying on card networks or manual document collection.

Its product suite includes Financial Data (Connect, Statement Pages, Data Enrichment, Creditworthiness), Payments (DirectPay, DirectDebit, Global Standing Mandate, Disburse), and Identity Verification (Lookup, Prove). Developer resources include documentation, an API reference, SDKs and libraries, an API changelog, and status page. Use cases span KYC and customer onboarding, credit risk assessment, payment collection, and personal finance insights.

Mono is aimed at businesses building financial products, including lenders, SaaS companies, insurers, payroll providers, and investment platforms. The platform offers a demo request and sales contact option, with a pricing page available for plan details.

12 alternatives to Mono

Ranked by how well each tool replaces Mono: shared features, audience, price and popularity.

  1. Plaid

    Payments, onboarding, lending, and financial data — all through one API platform.

    Covers 4 of 15 key features and has a free plan.

    63 out of 100 matchUsage-based

  2. Belvo

    Open finance data and payments platform for Latin America

    Covers 4 of 15 key features and has a free plan.

    Free plan
    61 out of 100 match$1,000/mo

  3. Decentro

    Cross-border payments and banking APIs platform for businesses

    Covers 9 of 15 key features.

    61 out of 100 match—

  4. Airwallex

    Global payments and financial platform for businesses (EU site)

    Covers 2 of 15 key features and has a free plan.

    Free plan
    60 out of 100 matchContact sales

  5. Onafriq

    Africa's Largest Digital Payments Gateway

    Covers 3 of 15 key features.

    60 out of 100 matchContact sales

  6. MONEI

    Payment platform for online and in-person transactions

    Covers 5 of 15 key features.

    60 out of 100 matchUsage-based

  7. Fiserv

    Financial services technology, mobile banking, payments

    Covers 3 of 15 key features.

    59 out of 100 matchContact sales

  8. Method Financial

    Financial connectivity API for consumer liabilities

    Covers 6 of 15 key features.

    59 out of 100 match—

  9. Mono

    Payment collection and disbursement infrastructure for Colombian businesses.

    Covers 4 of 15 key features.

    59 out of 100 matchContact sales

  10. Notabene

    The open trust layer for global payments

    Covers 7 of 15 key features and has a free plan.

    Free plan
    58 out of 100 matchContact sales

  11. MoonPay Trade

    A headless API and smart contract suite for cross-chain token trading.

    Covers 6 of 15 key features.

    58 out of 100 match—

  12. MangoPay

    Multi-party payment flows, built for revenue growth

    Covers 4 of 15 key features.

    58 out of 100 matchUsage-based