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HUB2 Secures $8.4 Million Series A Funding to Expand Digital Payments Across Francophone Africa
Francophone-focused fintech startup HUB2 has raised €8 million (US$8.4 million) in a Series A funding round to scale its seamless and secure platform that unifies national and cross-border financial services across various payment methods.
Founded in 2019 by Ashley Gaüzère, with Jean-Rémi Kouchakji joining as co-CEO in 2023, HUB2 provides a single API solution for digital businesses to process payments through mobile money, bank transfers, card payments, and cryptocurrency.
The startup has partnered with leading mobile money operators such as Wave, Orange, MTN, Moov, Free, T-Money, and Celtiis, ensuring comprehensive payment method coverage and seamless integration. Its platform serves prominent fintechs like Djamo, Onafriq, and Daba Finance.
“After two decades in telecom, I recognized the need for high-quality, interoperable payment solutions across Africa. HUB2 was built to address this gap and create a reliable infrastructure for the industry,” said Gaüzère.
The Series A round was led by TLcom Capital, with participation from FMO, Enza Capital, BPI France, AXIAN, DCG, African Fintech Collective, Eric Barbier, and ENL Corporate Ventures.
Gaüzère highlighted the significance of this diverse investor pool, stating it reflects the company’s ambition to scale continent-wide.
Currently operating in six Francophone African countries—Ivory Coast, Senegal, Burkina Faso, Benin, Togo, and Cameroon—HUB2 aims to expand from Senegal to Madagascar within the next two years.
Eloho Omame, partner at TLcom Capital, expressed confidence in HUB2’s mission:
“HUB2’s achievements in Francophone Africa, combined with TLcom’s experience in Anglophone markets, create a strong foundation for expanding digital payments across the continent. Ashley and Jean-Rémi’s leadership positions HUB2 to become the next payments champion in Francophone Africa.”
The funding will enable HUB2 to enhance its Francophone footprint and advance its vision of revolutionizing payment solutions across Africa.
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