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HUB2

“Can a single API layer become the dominant payment orchestration infrastructure connecting global fintechs, neobanks, and PSPs to Francophone Africa's fragmented mobile money ecosystem?”

Founded2019
HQAbidjan, Côte d'Ivoire (with registered entity CONNEKT4 in Réunion, France)
FoundersAshley Gauzere
Total raised$10.4M
Latest roundSeries A, December 2024
IndustryInfrastructure / Payments
The story

Founded as CONNEKT4 in 2017 in Réunion, the company launched HUB2 in 2019 after founder Ashley Gauzere identified fragmentation in Francophone Africa's mobile money ecosystem. The company evolved from a regional payment aggregator into a full payment orchestration and interoperability platform, enabling PSPs, neobanks, remittance companies and crypto players to access 10+ Mobile Money Operators via a single API. The Series A in late 2024 positioned HUB2 explicitly as the 'Stripe for Francophone Africa', signalling an ambition to become the dominant payment infrastructure layer in French-speaking West and Central Africa.

Last 12 months
2024-12
Product timeline
2017
CONNEKT4 founded in Réunion, France as a fintech focused on SMB solutions for Africa.· pivot
2019
HUB2 brand launched as a mobile money payment aggregation and interoperability platform targeting Francophone West and Central Africa.· pivot
2023
Expanded to support neobanks and PSPs via white-label API solutions for Mobile Money Operators across 10 French-speaking African nations.· banking
2024
Raised $8.5M Series A led by TLcom Capital to expand its customer base (55+ neobanks, PSPs, remittance companies, crypto providers) and upgrade its tech stack.· ipo
The stack
1 layer disclosed in HUB2’s embedded-finance stack
Payments / PSP
HUB2 (self-operated)
Accounting gap: significant