“Can a single cloud-native ISO switch and card issuing API compress the time-to-launch for any company wanting to issue Mastercard debit, prepaid, or credit cards from months to weeks?”
Founded in 2020 in Barcelona as an embedded finance API platform billing itself as 'AWS for financial services', Hubuc set out to let any company add financial services — payments, virtual and physical cards, bank accounts — through a single API. After a $10M seed round in 2022 and the launch of its in-house Mastercard-certified card issuing and processing engine (P1), Hubuc pivoted from being a BaaS customer itself (using providers like Currencycloud) toward operating its own ISO switch and processing infrastructure. By 2023 the company was listed as 'Acquired' on public data sources, with headcount dropping sharply, suggesting the technology or team was absorbed into another entity.
Hubuc discloses Hubuc P1 (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Hubuc does not disclose a bank charter of its own; its banking services are provided through Hubuc P1 (in-house).
Hubuc processes payments through Mastercard Network (self-operated via P1 ISO switch).
Hubuc's cards are issued through Hubuc P1 (in-house).
Hubuc uses Idemia for KYC and identity verification.
Hubuc uses Currencycloud for FX and cross-border payouts.
Hubuc uses Complyadvantage for fraud prevention.
The Embedded Finance Index 2026 maps 7 layers in Hubuc's stack: Payments / PSP (Mastercard Network (self-operated via P1 ISO switch)); Banking / BaaS (Hubuc P1 (in-house)); Card issuing (Hubuc P1 (in-house)); Unified APIs (Currencycloud); KYC (Idemia); FX & payouts (Currencycloud); Fraud (Complyadvantage).
Hubuc was founded by Hasan Nawaz and Ignacio Javierre and is founded in 2020, headquartered in Barcelona, Catalonia, Spain.
Hubuc has raised $20.6M in total (latest round: Seed, 2022).
Get a read on where your own stack stands against Hubuc and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.