Francophone Africa’s fintech ecosystem has received a major boost as Hub2, a startup simplifying national and cross-border payments, secures €8 million (US$8.4 million) in Series A funding.
Founded in 2019 by Ashley Gaüzère and now co-led by Jean-Rémi Kouchakji,Hub2 aims to expand its reach across the region, providing a single API solution for businesses to process payments via mobile money, bank transfers, cards, and cryptocurrency.
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Building bridges in payment interoperability
Hub2 partners with major mobile money operators like Wave, Orange, MTN, and Moov to unify payment solutions in Africa, making it a trusted infrastructure provider for fintech firms such as Djamo, Onafriq, and Daba Finance. Gaüzère, reflecting on his 20 years in telecom, said, “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.”
Strategic backing from global investors
The Series A round was led by TLcom Capital and supported by a diverse group of investors, including Dutch development bank FMO, Enza Capital, and French public investment bank BPI France. Other notable participants included 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,” said Gaüzère.
Eloho Omame, partner at TLcom Capital, praised Hub2’s strategic importance. “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.”
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Expanding across francophone Africa
Currently operating in six countries—Ivory Coast, Senegal, Burkina Faso, Benin, Togo, and Cameroon—Hub2 plans to expand from Senegal to Madagascar within two years. The company’s vision is to unify Africa’s payment infrastructure, fostering an ecosystem where financial services are seamlessly interconnected.
Hub2’s innovative approach to integrating diverse payment methods positions it as a key player in Africa’s digital payment revolution. With this new funding, the company is primed to drive financial inclusion and enhance economic opportunities across francophone Africa.