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Fintech company HUB2 completes $8.5 million Series A financing round, led by TLcom Capital
TechFlow, a financial technology company based in Côte d'Ivoire, announced on December 5th that it has completed an $8.5 million Series A financing round. The round was led by TLcom Capital, a pan-African early-stage investment firm, with participation from FMO, Enza Capital, Bpifrance, and Thunes founder Eric Barbier.
HUB2 is committed to providing a unified payment infrastructure for French-speaking Africa, simplifying mobile payments, bank transfers, card payments, and cryptocurrency transactions through a single API to achieve payment interoperability.
Founder Ashley Gauzere said the company aims to solve the fragmentation problem of French-speaking Africa's payment system. Currently, the company has served 55 fintech companies, including Wave, Orange, MTN, etc. In the future, the company plans to launch cross-border payments and remittance services based on stablecoins, and expand its market coverage in Africa.