Fintech company HUB2 has completed a $8.5 million Series A funding round, led by TLcom Capital

ChainCatcher news, the fintech company HUB2 based in Côte d'Ivoire has completed a $8.5 million Series A funding round, led by the pan-African early-stage investment firm TLcom Capital, with participation from FMO, Enza Capital, Bpifrance, and Thunes founder Eric Barbier.

HUB2 is dedicated to providing a unified payment infrastructure for the French-speaking African region, simplifying mobile payments, bank transfers, card payments, and cryptocurrency transactions, achieving payment interoperability through a single API.

Founder Ashley Gauzere stated that the company aims to address the fragmentation of payments in French-speaking Africa, and has already served 55 fintech companies including Wave, Orange, and MTN. This year, HUB2's transaction volume is expected to reach €1 billion, a significant increase from €70 million 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.