HUB2 Raises $8.4 Million in Series A Funding to Expand Financial Services in Francophone Africa
HUB2, a fintech company focused on Francophone countries, has developed a seamless and secure platform to unify national and cross-border financial services through various payment modes. The company has raised $8.4 million in a Series A funding round to support its expansion in the region.
Founded in 2019 by Ashley Gaüzère, joined by Jean-Rémi Kouchakji as co-CEO in 2023, HUB2 offers a unique API that enables digital businesses to efficiently process national and cross-border payments through mobile money solutions, bank transfers, card payments, and cryptocurrencies.
Currently operating in six Francophone African countries (Côte d'Ivoire, Senegal, Burkina Faso, Benin, Togo, and Cameroon), HUB2 plans to expand to the entire region, from Senegal to Madagascar, within the next two years.
By partnering with major mobile money operators (Wave, Orange, MTN, Moov, Free, T-Money, Celtiis), HUB2 ensures complete coverage and seamless integration of payments. The company is also partnered with leading fintechs such as Djamo, Onafriq, and Daba Finance.
The $8.4 million Series A funding round was led by TLcom Capital, with participation from the Dutch development bank FMO, Enza Capital, French public investment bank BPI France, AXIAN, DCG, African Fintech Collective, Eric Barbier, and ENL Corporate Ventures.
