Mono vs MX
Mono
mono.co
MX
mx.comSide by side
| Figure | Mono | MX |
|---|---|---|
| Price from | 50,000 NGN/mo | Free |
| Free plan | — | Yes |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 3 | 2 |
| Spec score · Unified Api | 8.0 (#6) | 8.1 (#5) |
| Spec score · Bank Connectivity Software | 7.8 (#20) | 7.9 (#17) |
| Spec score · Financial Data APIs | 7.8 (#16) | 7.9 (#13) |
| Founded | 2020 | 2010 |
| Integrations | Mono's coverage page lists banks and services including GTBank, Access Bank, Kuda Bank, Flutterwave, and Paystack. | MX announced an integration with Atomic combining MX data and analytics with Atomic's direct-deposit and bill-pay switching products. |
| What it does | Mono provides businesses with financial data, identity verification, and direct bank payment services through open banking. | MX is a financial intelligence platform that helps financial institutions and fintechs turn consumer-permissioned financial data into actionable experiences and growth. |
Plans
In their own words
MX
MX provides financial data and banking tools for financial institutions and fintechs. It lets consumers bring accounts together for viewing, while providers can use permission-based access to support digital experiences. Its APIs cover account linking, account and identity verification, balance checks, and data sharing. MX says direct OAuth connections can validate accounts in less than five seconds; its data access platform is built on FDX standards. Transaction details can be standardized and categorized, and external brokerage and retirement accounts can be combined with other financial data. Supported data includes accounts, balances, transactions, investments, statements, identity, ownership, and rewards. Connections include OAuth APIs, tokenized and direct connections, whitelisted screen scraping, and microdeposits, with real-time refresh and PDF statements. MX also offers mobile banking software and a mobile SDK for approved third parties or contracted customers. It lists Android, iOS, web, and API platforms. A free account is free for 100 users; MX Platform pricing is available by demo request.