HUB2, an Ivory Coast-based fintech, raised $8.5 million to unify payments in Francophone Africa, enabling seamless mobile money, card, and cryptocurrency transactions. Led by TLcom Capital, the funding supports cross-border payment capabilities and expanding operations in the region. HUB2 partners with major mobile providers like Wave and Orange and processes €1 billion in annual transactions for 55 fintech clients. The platform’s growth strategy includes stablecoin remittances, enhanced API offerings, and SME-focused solutions to address Africa’s fragmented financial systems, which often hinder regional commerce and digital payment adoption.
Key Points:
- Market Need: Tackles fragmented financial systems in Francophone Africa.
- Focus: Single API for payment collection across methods.
- Growth: €1B in 2024 transaction volume.
- Plans: Expand services to SMEs and deepen tech capabilities.
