specification: FinOps Framework
specificationVersion: '1.0'
schema: https://www.finops.org/framework/
provider: Mono
providerId: mono-co
created: '2026-06-21'
modified: '2026-06-21'
reconciled: false
tags:
- Open Banking
- Financial Data
- Payments
- Direct Debit
- Africa
- FinOps
- Cost Management
- FOCUS
description: >-
  FinOps view of Mono spend. Mono bills usage on a sales-led basis: Connect
  financial-data products are typically charged per linked account or per
  data pull, while DirectPay and Direct Debit collections carry a
  per-transaction fee or percentage of value. Public unit prices are not
  available, so cost meters below are structural and unit rates are not
  reconciled.
notes: >-
  Mono does not publish per-unit prices; obtain a rate card from Mono sales
  to populate unit costs during reconciliation. Amounts on the wire are in
  the lowest currency denomination (e.g. kobo for NGN).
sources:
- https://mono.co
- https://docs.mono.co
- https://focus.finops.org/focus-specification/v1-3/
alignedWith:
  framework: FinOps Foundation Framework
  frameworkUrl: https://www.finops.org/framework/
  dataSpec: FOCUS
  dataSpecVersion: '1.3'
  dataSpecUrl: https://focus.finops.org/focus-specification/v1-3/
publisherName: Mono
serviceCategory: Financial Services
billingModel:
  pricingCategory: Usage-Based
  billingFrequency: Monthly
  billingCurrency: NGN
  chargeCategories:
  - Usage
  - Purchase
  - Adjustment
focusColumns:
  ServiceName: Mono API
  ServiceCategory: Financial Services
  ProviderName: Mono
  PublisherName: Mono
  InvoiceIssuerName: Mono
  BillingCurrency: NGN
  ChargeCategory: Usage
  PricingCategory: Usage-Based
meters:
- name: linked_accounts
  description: Successfully linked bank accounts via Mono Connect, typically billed per account.
  unit: accounts
  aggregation: sum
  dimensions:
  - application
  - product
- name: data_requests
  description: Connect data pulls (transactions, statements, identity, income, balance), potentially metered per request.
  unit: requests
  aggregation: sum
  dimensions:
  - application
  - endpoint
- name: directpay_transactions
  description: One-time DirectPay collections, billed per successful transaction or as a percentage of value.
  unit: transactions
  aggregation: sum
  dimensions:
  - application
  - status
- name: direct_debit_transactions
  description: Recurring mandate debits, billed per successful debit or as a percentage of value.
  unit: transactions
  aggregation: sum
  dimensions:
  - application
  - mandate
- name: lookup_verifications
  description: Optional lookup / KYC verifications (BVN, NIN, CAC, etc.), billed per verification where used.
  unit: verifications
  aggregation: sum
  dimensions:
  - application
  - type
principles:
- name: Visibility
  description: Pull Mono dashboard usage and settlement reports; track linked accounts, data pulls, and collection volume per app key.
- name: Allocation
  description: Use separate app keys per product line or business unit to attribute Connect vs payments spend.
- name: Optimization
  description: Cache Connect data where freshness allows to avoid redundant real-time pulls; reconcile collection fees against value collected.
- name: Accountability
  description: Assign owners per app key; review collection success rates and data-pull volume monthly against budget.
maintainers:
- FN: Kin Lane
  email: kin@apievangelist.com