Deal Summary
Through its TIDE Africa Fund II, TLcom Capital LLP (TLcom) led an $8.5 million Series A funding round for HUB2 SAS (HUB2), a fintech startup operating in Francophone Africa. The round included participation from the Dutch Development Bank (FMO), Enza Capital Limited (Enza Capital), Bpifrance Investissement (the investment arm of Bpifrance, France's public investment bank), Digital Currency Group, Inc, Axian Group Limited, ENL Limited, and Eric Barbier, the founder of Thunes. Notably, Enza Capital had previously invested in HUB2 in July 2024, with the funding amount remaining undisclosed, and FMO made an equity investment of €2.4 million ($2.6 million) in August 2024, demonstrating continued investor confidence in the company's growth potential. Founded in 2019, HUB2 is a payment aggregator, enabling fintechs to integrate mobile money, bank cards, bank transfers, and cryptocurrency through a unified API. Currently serving fintechs across nine Francophone countries, including Côte d’Ivoire, Senegal, and Gabon, HUB2 aims
