Francophone-focused fintech startup HUB2 has successfully raised €8 million (US$8.4 million) in a Series A funding round led by TLcom Capital, with significant contributions from investors such as Dutch entrepreneurial development bank FMO, Enza Capital, French public investment bank BPI France, AXIAN, DCG, African Fintech Collective, Eric Barbier, and ENL Corporate Ventures. This latest funding milestone underlines HUB2’s mission to deliver seamless and secure financial services while addressing the unique challenges of Francophone Africa.
HUB2, founded in 2019 by Ashley Gaüzère and co-led by Jean-Rémi Kouchakji since 2023, simplifies national and cross-border transactions for digital businesses with a single API solution. This API enables companies to efficiently process payments via mobile money, bank transfers, card payments, and cryptocurrency, setting a new standard for interoperable financial systems in the region.
The company has forged strategic partnerships with leading mobile money operators, including Wave, Orange, MTN, Moov, Free, T-Money, and Celtiis, ensuring comprehensive coverage and smooth integration of diverse payment methods. HUB2, trusted by leading fintech clients like Djamo, Onafriq, and Daba Finance, delivers robust financial solutions specifically designed for the African market.
“After two decades in telecom, I witnessed the pressing need for high-quality, interoperable payment solutions across Africa. HUB2 bridges this gap by creating infrastructure that businesses and consumers can rely on” said Gaüzère, emphasizing the startup’s role in addressing regional payment challenges.
Currently operational in six Francophone African countries—Ivory Coast, Senegal, Burkina Faso, Benin, Togo, and Cameroon—HUB2 aims to expand its footprint across the entire region, targeting markets from Senegal to Madagascar over the next two years.
This Series A funding provides the necessary resources for HUB2 to scale its operations while doubling down on its Francophone focus. “This funding empowers us to enhance our presence in Francophone Africa and strategically expand across the continent,” noted Gaüzère and Kouchakji.
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Investors are equally optimistic about HUB2’s potential. Eloho Omame, partner at TLcom Capital, commented, “HUB2 is addressing critical payment challenges in Francophone Africa. By combining its regional successes with TLcom’s expertise in Anglophone markets, the company is well-positioned to redefine digital payments across the continent.”
The inclusion of diverse investors reflects HUB2’s ambition to scale continent-wide while promoting financial inclusion and accessibility. HUB2’s mission goes beyond growth aspirations; it drives the delivery of secure, interoperable payment systems that empower businesses to thrive in an increasingly interconnected digital economy.
As it continues to develop its platform and expand its reach, HUB2 is setting a benchmark for innovation in Francophone Africa’s fintech space, paving the way for sustainable economic growth and financial empowerment across the continent.
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