This financing was led by TLcom Capital, a pan-African early-stage VC fund, with participation from several institutions, including European DFIs, pan-African corporates, and fintech-focused investors, such as FMO, Enza Capital, AXIAN, DCG, African Fintech Collective, Eric Barbier - founder of Thunes and Triple-A -, and Hub2's historical lead investor, ENL Corporate ventures.

Founded in 2019 by telecom engineer Ashley Gaüzère, HUB2 was established to bridge interoperability and quality gaps in Africa’s payment infrastructure. Part of the Visa Africa FinTech Accelerator, HUB2 has achieved €1 billion in annual transaction volume, maintaining a 15% month-over-month growth rate over the past two years. Currently, HUB2 operates in six Francophone African countries — Côte d’Ivoire, Senegal, Burkina Faso, Benin, Togo, and Cameroon — with plans to expand across the entire region, from Senegal to Madagascar, within the next 24 months. HUB2 employs 35 people and is actively hiring across its offices in France, Côte d’Ivoire, and Mauritius.

In 2023, Jean-Rémi Kouchakji, a repeat entrepreneur in the FinTech sector (formerly of MyBee and PayinTech), joined as co-CEO. “With this funding, HUB2 is well-positioned to strengthen our Francophone footprint and expand strategically across Africa. Our choice of diverse international investors reflects our ambition to scale continent-wide.”