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Flutterwave buys Nigeria’s Mono in rare African fintech exit

Africa’s largest fintech company, Flutterwave, has acquired Nigerian open banking startup Mono in an all-stock deal valued between $25 million and $40 million, according to people familiar with the transaction. The acquisition brings together two of Africa’s leading fintech infrastructure companies. Flutterwave operates one of the continent’s widest payments networks, while Mono, often described as...

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Even as global crop prices fall, India’s Arya.ag is attracting investors — and staying profitable

Arya.ag, an Indian agritech company offering storage facilities near farms and offering lending services to hundreds of thousands of farmers, has drawn investor interest and remained profitable even as global crop prices continue to fall in a volatile commodities market. The investor interest has taken shape in the latest all-equity Series D round from GEF...