Francophone-focused fintech startup HUB2, which has built a seamless, secure platform designed to unify national and cross-border financial services across diverse payment methods, has raised a EUR8 million (US$8.4 million) Series A round of funding to help it scale across the region. Founded in 2019 by Ashley Gaüzère, who was joined as co-CEO by Jean-Rémi Kouchakji in 2023, 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. The company is a trusted partner for leading fintechs such as Djamo, Onafriq, and Daba Finance. “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,” said Gaüzère.
HUB2’s EUR8 million (US$8.4 million) Series A round was led by TLcom Capital, with participation from Dutch entrepreneurial development bank FMO, Enza Capital, French public investment bank BPI France, AXIAN, DCG, African Fintech Collective, Eric Barbier, and ENL Corporate ventures. “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,” Gaüzère said.
Currently, HUB2 operates in six Francophone African countries – Ivory Coast, Senegal, Burkina Faso, Benin, Togo, and Cameroon – with plans to expand across the entire region, from Senegal to Madagascar, within the next 24 months.
“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,” said Eloho Omame, partner at TLcom Capital.
