HUB2, a leading financial technology company, has secured $8.4 million in Series A funding to enhance its digital payments platform and expand its reach in Francophone Africa. The funding round, led by TLcom Capital, included investors like FMO, Enza Capital, and BPI France, showcasing the growing interest in innovative payment solutions in the region.
Unified Payment Solutions for Africa
Founded in 2019, HUB2 offers a secure and seamless platform that integrates domestic and international financial services. Its unified API enables efficient processing of payments through mobile money, bank transfers, card transactions, and cryptocurrency. By partnering with mobile money providers such as Wave, Orange, MTN, and T-Money, HUB2 ensures broad reach and interoperability across the region.
Strategic Vision and Investment
Ashley Gaüzère, HUB2’s founder, emphasized the company’s mission to address Africa’s demand for reliable payment infrastructure. “After two decades in telecommunications, I recognized the need for dependable, interoperable payment solutions across Africa,” said Gaüzère. With this funding, HUB2 plans to reinforce its presence in Francophone Africa and expand strategically across the continent.
TLcom Capital’s Support
Eloho Omame, a partner at TLcom Capital, expressed confidence in HUB2’s leadership and vision. “HUB2’s success in Francophone Africa, combined with TLcom’s expertise in Anglophone markets, creates a powerful synergy. This partnership will significantly enhance digital payment accessibility across the continent,” said Omame.
Expanding Across Francophone Africa
Currently operational in six countries, including Ivory Coast, Senegal, and Burkina Faso, HUB2 aims to extend its footprint to cover the entire Francophone region within the next two years. This expansion aligns with its mission to provide inclusive and accessible hub2 digital payment solutions across Africa
