HUB2 completes $8.5 million Series A financing, aiming to become the "Stripe of Francophone Africa"

PANews reported on December 5th that HUB2, a fintech company based in Côte d’Ivoire, completed an $8.5 million Series A financing round, led by pan-African early-stage investment firm TLcom Capital, with participation from FMO, Enza Capital, Bpifrance, and Thunes founder Eric Barbier. HUB2 is committed to providing a unified payment infrastructure for French-speaking Africa, simplifying mobile payments, bank transfers, card payments, and cryptocurrency transactions, and achieving payment interoperability through a single API. Founder Ashley Gauzere said that the company aims to solve the problem of fragmented French-speaking African payments. It has already served 55 fintech companies including Wave, Orange, MTN, etc. This year, the volume of HUB2 is expected to reach 1 billion Euros, a significant rise from 70 million Euros in 2022. In the future, the company plans to launch cross-border payments and remittance services based on stablecoins, and expand its market coverage in Africa.