As digital transformation accelerates across Africa, Francophone regions continue to face challenges stemming from fragmented payment systems and limited interoperability. French FinTech HUB2 is addressing these challenges with a seamless, secure platform designed to unify national and cross-border financial services across diverse payment methods fostering greater financial inclusion in the region.
HUB2 provides a single API for digital businesses, enabling them to efficiently process national and cross-border payments through mobile money, bank transfers, card payments, and cryptocurrency. By partnering with leading mobile money operators in the region — including Wave, Orange, MTN, Moov, Free, T-Money and Celtiis — HUB2 ensures comprehensive coverage and seamless integration across payment methods. As a Visa partner, the company also delivers secure and reliable Visa payment processing, further expanding its capabilities and reach.
Built to rigorous international security and compliance standards, the HUB2 platform positions the company as a trusted partner for Tier-1 FinTechs such as Djamo, the Ivorian YC-backed leading neobank, Onafriq, a champion of African payments and Daba Finance, winner of the 2024 Ecobank Fintech Challenge.
HUB2 Maintains a Strong Growth Trajectory
Founded in 2019 by telecom engineer Ashley Gaüzère, HUB2 was established to bridge interoperability and quality gaps in Africa’s payment infrastructure.
“After two decades in telecom, I saw the need for high-quality, interoperable payment solutions across Africa. HUB2 was built to bridge this gap, creating infrastructure that the industry can rely on,” says Ashley, HUB2’s Founder and co-CEO.
In 2023, Jean-Rémi Kouchakji, a repeat entrepreneur in the FinTech sector (formerly of MyBee and PayinTech), joined as co-CEO. “With this funding, HUB2 is well-positioned to strengthen our Francophone footprint and expand strategically across Africa. Our choice of diverse international investors reflects our ambition to scale continent-wide.”
Part of the Visa Africa FinTech Accelerator, HUB2 has achieved €1 billion in annual transaction volume, maintaining a 15% month-over-month growth rate over the past two years. Currently, HUB2 operates in six Francophone African countries—Côte d’Ivoire, Senegal, Burkina Faso, Benin, Togo, and Cameroon—with plans to expand across the entire region, from Senegal to Madagascar, within the next 24 months. HUB2 employs 35 people and is actively hiring across its offices in France, Côte d’Ivoire, and Mauritius.
A Transaction Gathering Global Investors
In August, HUB2 successfully closed an €8M Series A round, reinforcing its mission to become the leading payment infrastructure provider in Francophone Africa.
This financing was led by TLcom Capital, a pan-African early-stage VC fund, with participation from several notable institutions, including European DFIs, pan-African corporates, and fintech-focused investors, namely the Dutch entrepreneurial development bank FMO, Enza Capital, the French public investment bank BPI France, AXIAN, DCG, African Fintech Collective, Eric Barbier the founder of Thunes and Triple-A, and its historical lead investor, ENL Corporate ventures.
Eloho Omame, Partner at TLcom Capital, commented: “We’re proud to work with HUB2 as the company extends its reach across Francophone Africa. HUB2’s achievements in the region, combined with TLcom’s track record in Anglophone markets, create a powerful partnership that will make digital payments more accessible across the continent. We are confident in the vision and execution of HUB2’s co-founders, Ashley and Jean-Rémi, to create Francophone Africa’s next payments champion.”
Paris-based Cambon Partners (Robin Beaudot, Nicolas Olivier) advised HUB2 on the transaction, with Orrick Paris Tech Studio (Olivier Vuillod, Léa Fiorenza) as legal counsel.
Read the orginal article: https://ffnews.com/newsarticle/funding/french-fintech-hub2-secures-e8m-series-a-to-scale-payment-infrastructure-in-francophone-africa/
