HUB2, a financial technology company based in Côte d'Ivoire, has successfully raised $8.5 million in a Series A funding round. The round was led by TLcom Capital, with participation from FMO, Enza Capital, Bpifrance, and Thunes founder Eric Barbier. HUB2 aims to become the "Stripe of French-speaking Africa" by providing a unified payment infrastructure that simplifies various payment methods and achieves interoperability through a single API. The company has already served 55 fintech companies, including Wave, Orange, and MTN, and expects its transaction volume to reach 1 billion euros this year, up from 70 million euros in 2022. Future plans include launching cross-border payment and stablecoin-based remittance services to expand its market in Africa.

PANews reported on December 5 that HUB2, a financial technology company headquartered in Côte d'Ivoire, completed a US$8.5 million Series A financing round, led by TLcom Capital, a pan-African early-stage investment institution, 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 the company hopes to solve the payment fragmentation problem in French-speaking Africa and has currently served 55 fintech companies including Wave, Orange, and MTN. This year, HUB2's transaction volume is expected to reach 1 billion euros, a significant increase from 70 million euros in 2022. In the future, the company plans to launch cross-border payment and stablecoin-based remittance services and expand its market coverage in Africa.

HUB2 Completes $8.5 Million Series A Funding to Enhance Payment Solutions in French-speaking Africa