Ivory Coast’s HUB2 Secures USD 8.5 M Series A

Ivory Coast-based fintech HUB2 has raised USD 8.5 M in a Series A funding round led by TLcom Capital. Participating companies include FMO, Enza Capital, Bpifrance, and Eric Barbier, founder of Thunes. The investment aims to enhance HUB2’s payment platform and extend its services across Francophone Africa.

Established in 2021, HUB2 provides a unified API that enables neobanks, payment companies, remittance services, and cryptocurrency providers to facilitate transactions via mobile money, bank transfers, card payments, and cryptocurrencies. The platform currently collaborates with over 55 financial entities, streamlining payment processes and promoting financial inclusion in the region.

The newly acquired funds will be utilized to advance HUB2’s technological infrastructure and expand its client base, reinforcing its position as a leading payment solutions provider in Francophone Africa. By simplifying payment integrations, HUB2 aspires to become the “Stripe for Francophone Africa,” addressing the region’s financial fragmentation and enhancing access to digital financial services.

This investment underscores the growing interest in Africa’s fintech sector and highlights the potential for innovative payment solutions to drive economic growth and financial inclusion across the continent.