Hub2.Io is a technology company.
Hub2 is a payment solutions provider focused on delivering high transfer success rates for fintech leaders in Africa, offering APIs for mobile money transactions and international remittance.
Hub2.Io has raised $9.0M across 1 funding round.
Hub2.Io has raised $9.0M in total across 1 funding round.
HUB2.io is a fintech company providing payment infrastructure and interoperability solutions across Francophone Africa, acting as a "Stripe for Francophone Africa" by unifying mobile money, bank transfers, card payments, and cryptocurrency via a single API.[3][5] Launched to simplify high-volume, recurring transactions for businesses like fintechs, e-commerce, aviation, and gaming firms, it serves over 100 businesses (primarily 55 fintechs) in 10+ countries including Ivory Coast, Burkina Faso, Madagascar, Senegal, Benin, Togo, Cameroon, and Nigeria, with plans for pan-African expansion.[1][2][3][5] On track for €1 billion in transaction volume this year—up from €70 million in 2022—HUB2 boasts 98% payout and 97% pay-in success rates, far exceeding competitors' 40-50%, driving 15% month-over-month growth in volume and revenue from take rates.[3][4][5]
HUB2.io emerged in 2017 (with some sources noting 2018) from Abidjan, Ivory Coast, founded by telecom and fintech veterans addressing fragmented payment systems in Francophone Africa.[1][2][4] Key founders include CEO Ashley Gauzere (telecom background, MBA from Paris Dauphine, co-founder of Penta Partners), COO Christian Sery (IT/business entrepreneur, HEC Lausanne alum), and marketing lead Said Rassaby (data/automation expert); Jean-Rémi Kouchakji joined as co-CEO in 2023 with prior VC-backed founder experience.[1][4][5] The idea stemmed from decades in telecom, spotting the need for reliable interoperability between banking and mobile money operators like Wave, Orange, MTN, and Moov—pivotal early traction came from live operations in Ivory Coast, Burkina Faso, and Madagascar, securing licenses like Nigeria's IMTO and UK's FCA, plus $8.5M Series A funding six months ago from investors including TLcom Capital and ENL Group.[1][2][4][5]
HUB2 rides the explosive growth of mobile money in Francophone Africa—one of the world's fastest-growing markets—where fragmentation across operators hinders seamless B2C payments for fintechs, e-commerce, and remittances.[4][5] Timing aligns with rising fintech adoption (98% of HUB2's volumes), regulatory wins like IMTO/FCA licenses, and demand for cross-border infrastructure amid Africa's trade integration push.[2][5] Market tailwinds include booming transaction volumes (€1B TPV target), partnerships with giants like MTN/Orange, and shift to unified platforms amid crypto/bank integration; HUB2 influences the ecosystem as last-mile backbone for 55+ fintechs, enabling players like Jumia/OnAfriq to scale regionally and fostering network effects for dominant infrastructure.[3][4][5]
HUB2 is primed to solidify as Francophone Africa's payment rail, expanding to full regional coverage in two years via cross-border tools, stablecoin remittances, and deeper Visa integrations while targeting pan-continental dominance.[4][5] Trends like mobile money proliferation, crypto adoption, and intra-African trade (e.g., AfCFTA) will accelerate growth, potentially mirroring Rapyd's global scale as network effects compound.[4] Its influence could evolve from aggregator to essential infrastructure for business expansion, empowering fintechs to "pay, get paid, and operate seamlessly across borders"—cementing its role in unifying Africa's fragmented payments.[2][5]
Hub2.Io has raised $9.0M in total across 1 funding round.
Hub2.Io has raised $9.0M across 1 funding round. Most recently, it raised $9.0M Series A in December 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2024 | $9.0M Series A |