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HUB2 banks $8.5M to become the ‘Stripe for Francophone Africa’

HUB2 simplifies payments for fintechs helping them collect mobile money, bank transfers, card payments, and cryptocurrency via a single API.

A fintech from Ivory Coast — part of one of the most economically challenged and financially fragmented regions in the world — has raised funding for an ambitious goal: to become the ‘Stripe for Francophone Africa’. Inspired by Stripe, the U.S. juggernaut now valued at$70 billion, Gauzere saw an opportunity to build an offering that could knit together complex operations behind an API that companies could use to make it easier for them to take payments and manage transactions. According to co-CEO Ashley Gauzere, mobile money has driven most of HUB2’s transactions, with less uptake for other payment methods such as credit cards, bank transfers, and cryptocurrency, showing that its idea of a fully interoperable ecosystem is still developing.

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