Last week was Y Combinator’s demo day and one of the ten African startups that got the chance to pitch to 4,000 investors was the data startup, Mono.
Mono is a startup a lot of people may not have heard about but their work is crucial; they help businesses get access to the financial history of their customers. It’s the sort of thing that is useful to say, a digital lender that is trying to decide if they want to give you a loan.
Since Mono hasn’t been in the news a lot since their pre-seed round, I found time to speak to the company’s CEO, Abdulhamid Hassan on a range of issues. We spoke about Open banking, the company’s expansion plans and his experience at Y Combinator.
Heads up: TechCabal got the scoop that Mono is expanding to Kenya and Ghana by the second quarter of 2021 as the company continues with its ambition to “power Africa’s internet economy.”
But that’s not all, we also got this quote from Abdul: “The thing is that if you know your business before applying to Y Combinator, the process will be easier. Know your business, know what your metrics are, know what you’re solving for. You need to understand what makes you different and what you’re trying to sell.”
Read the entire conversation here.