Proudly Nigerian: Why Monica Said No to Global Acquisition Deals to Keep Payments Free for Nigerians

In just two years of operation, Monica has grown into one of Nigeria’s most trusted fintech platforms, winning the confidence of more than 350,000 users and processing over ₦150 billion in payouts. With this level of success, it is no surprise that the company has attracted acquisition offers from both local and international firms. Yet despite multiple opportunities, Monica has turned them all down. The reason is clear. The company is determined to remain proudly Nigerian and to con