HUB2, a Francophone-focused fintech startup, has raised EUR8 million (US$8.4 million) in a Series A funding round.
The funding will support the company’s expansion plans across Francophone Africa as it delivers seamless and secure financial services across various payment methods.
Founded in 2019 by Ashley Gaüzère, HUB2 aims to simplify both national and cross-border financial transactions for digital businesses through its unified payment platform.
In 2023, Jean-Rémi Kouchakji joined as co-CEO, further strengthening the leadership team. HUB2’s platform is powered by a single API, enabling businesses to efficiently process payments via mobile money, bank transfers, card payments, and cryptocurrency.
The startup has built partnerships with major mobile money operators in the region, including Wave, Orange, MTN, Moov, Free, T-Money, and Celtiis, to provide comprehensive coverage and smooth integration across different payment methods.
Fintech clients like Djamo, Onafriq, and Daba Finance trust it to deliver efficient financial solutions.
Gaüzère highlighted his years of experience in telecommunications, where he observed the need for interoperable payment systems across Africa.
He described HUB2 as a platform designed to address this need by creating a reliable payment infrastructure for regional businesses.
The funding round was led by TLcom Capital, with contributions from prominent investors such as Dutch entrepreneurial development bank FMO, Enza Capital, BPI France, AXIAN, DCG, African Fintech Collective, Eric Barbier, and ENL Corporate Ventures.
Gaüzère stated that this new funding positions the company to expand its presence in Francophone Africa and scale its operations strategically across the continent.
Currently, HUB2 operates in six Francophone African countries — Ivory Coast, Senegal, Burkina Faso, Benin, Togo, and Cameroon — and plans to extend its services across the region, from Senegal to Madagascar, within the next two years.
The partnership with TLcom Capital adds significant value to HUB2’s growth strategy. According to TLcom Capital partner Eloho Omame, HUB2’s successes in Francophone Africa, combined with TLcom’s extensive experience in Anglophone markets, will create opportunities to improve access to digital payments across the continent.
She expressed confidence in the leadership and vision of Gaüzère and Kouchakji as they work toward positioning HUB2 as a leading payments provider in Francophone Africa.
With its focus on solving critical payment challenges and enhancing financial accessibility, HUB2 is set to play a major role in connecting businesses and consumers through reliable and secure payment solutions.
Originally published on Disrupt-Africa.
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