HUB2 banks $8.5M to become the ‘Stripe for Francophone Africa’
- HUB2 raises $8.5 million in Series A funding.
- The startup aims to become the 'Stripe for Francophone Africa.'
- HUB2 partners with 55 fintechs across the region.
HUB2's ambitious goal to unify payment solutions in a fragmented market presents a significant opportunity for growth in the fintech sector of Francophone Africa. However, the challenge remains in achieving interoperability and expanding services to smaller businesses, which are crucial for broader market penetration. The company's strategic pivot to focus on fintech partnerships rather than direct merchant services appears to be a wise move, but it will need to balance this with the need to serve SMEs to remain competitive.
