🌍 The Challenge of Financial Fragmentation
Francophone Africa faces major financial hurdles. Mobile money operators and banks in the region work in silos due to differing regulations and systems. HUB2 addresses this challenge by offering an interoperable API to unify payments. Merchants struggle to sell regionally, and consumers face barriers to accessing financial services. HUB2 is working with 55 neobanks, payment companies, and cryptocurrency providers to change this landscape.
💰 Funding for Change
Founded in 2019, HUB2 raised $8.5M in Series A funding led by TLcom Capital. This investment will accelerate its mission to build a cohesive payment infrastructure. HUB2 partners with mobile providers such as Wave, Orange, MTN, and T-Money, simplifying transactions for businesses and consumers. Mobile money currently drives most transactions, while adoption of other methods like card payments and cryptocurrency is growing slowly.
🚀 Scaling Across Francophone Africa
HUB2 operates in six countries: Senegal, Burkina Faso, Benin, Togo, Cameroon, and Ivory Coast. It plans to expand to more markets by 2026. Its integration with Visa’s CyberSource aims to support cross-border payments and introduce stablecoin-based remittance services. The goal is full regional coverage and enhanced payment options. HUB2 is inspired by Stripe, focusing on seamless integration and efficiency.
🔗 The Road Ahead
HUB2 envisions transforming Francophone Africa’s e-commerce landscape. With its interoperable payment solutions, it aims to create a unified ecosystem. CEO insights emphasize the urgency of addressing fragmentation to support economic growth. The next steps include expanding partnerships and refining API capabilities. This marks a critical step toward financial inclusion in one of the world’s most underserved regions.
Will HUB2 reshape Francophone Africa’s economy?
