COMPARISON
Why Inopay and not Plaid
Other infrastructures are designed for their home market. Inopay is designed for African regional exchanges, their licensed SGIs and their regulators.
Functional comparison
Criteria considered by technical and compliance teams.
| Criterion | Inopay | Mono.co | Belvo | Plaid | Daba Finance |
|---|---|---|---|---|---|
| Core focus | Brokerage as a service across African exchanges | Open banking West Africa and Nigeria | Open banking Latin America | Open banking North America and Europe | B2C investing app Africa |
| Exchanges covered | BRVM, BVMAC, GSE | None | None | NYSE, NASDAQ via partners | BRVM, NSE, GSE in B2C |
| Regulators addressed | AMF-UMOA, COSUMAF, SEC Ghana | BCEAO, CBN | CNBV, BCRA, CMF | FINRA, FCA | AMF-UMOA (B2C) |
| Signed portable KYC | Yes — Ed25519, offline-verifiable | No | No | No | Internal, not portable |
| Model | B2B2C — operator / bank / SGI partners | B2B — bank-account aggregation | B2B — bank-account aggregation | B2B — bank-account aggregation | B2C — end-investor app |
| Public audit chain | Yes — hash logs anchored Merkle, /audit page | Not disclosed | Not disclosed | Internal SOC2 audits | Not disclosed |
| Native SDKs | iOS, Android, Web, Node, Python | Web, Node, Python, mobile beta | Web, Node, Python, Java | Web, iOS, Android, Node, Python, Java, Go | App only |
Table built on public sources April 2026. Mono.co and Belvo do not offer brokerage as a service at the time of writing. Plaid does not operate in Sub-Saharan Africa. Daba Finance is a B2C competitor, not B2B infrastructure.
Evaluating several options?
On request we provide a CTO memo comparing Inopay with your shortlist, with detailed technical, regulatory and economic criteria.