What Hub2.Io does

Hub2, operated by SAS CONNEKT4 and headquartered in Sainte-Marie on Réunion Island, France, is a B2B payment orchestration platform that provides a single REST API for accepting, disbursing, and remitting payments across 10-12 Francophone African countries including Côte d'Ivoire, Senegal, Cameroon, Mali, and Gabon. The platform unifies more than 55 financial service providers — notably Orange Money, MTN Mobile Money, Wave, and Moov Money — alongside payment card networks and bank transfer rails, eliminating the need for merchants to build and maintain individual integrations with each operator. The core product set comprises the HUB2 Pay-In API, the HUB2 Pay-Out API, and the International Remittance API, supplemented by operational features including sub-merchant management, KYC/KYB compliance workflows, payment links, and bank collection. The platform reports 97% pay-in and 98% pay-out transaction success rates against industry-average benchmarks, holds PCI DSS compliance, and operates under an international remittance license.

The company targets four primary customer segments: neobanks and fintech companies, payment service providers (PSPs), international remittance operators, and insurance companies and brokers — with the latter being a historically strong vertical evidenced by named customers including Leadway Assurance, ASCOMA, and OLEA, alongside fintech clients Djamo and Zeepay. Hub2 distributes exclusively through API access (free sandbox self-serve onboarding for developers, with direct enterprise sales to larger clients), supplemented by strategic distribution partnerships including an exclusive Ingenico terminal distribution agreement in Côte d'Ivoire (2020) and a March 2026 memorandum of understanding with Ecobank Transnational Incorporated that connects Hub2's network to over 200 million mobile wallets across 32 African markets.

Hub2 generates revenue primarily through transaction fees on mobile money pay-ins and pay-outs processed through its platform, with secondary subscription or platform fee revenue from PSP and aggregator clients using Hub2's infrastructure as white-label or API-accessible technology. The company is venture-backed, having raised €1.6 million in seed funding in April 2021 from APICAP, COMPASS, and BPI Réunion, followed by an $8.5 million Series A in December 2024 led by TLcom Capital Partners. Operations are run from a subsidiary, CONNEKT4 Côte d'Ivoire, based in Abidjan.

Name

Hub2.Io

Legal name

SAS CONNEKT4

Website

https://hub2.io

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Hub2 is a B2B payment orchestration platform providing a single REST API for mobile money, card, and bank payments across 10-12 Francophone African countries. It serves neobanks, payment service providers, insurance companies, and remittance operators via unified multi-operator integration.

Ownership category

akta.pro rank

Product category

Payment Orchestration Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Payment Orchestration Platforms (FSAGABAA)

akta.pro secondary industries

Cross-Border B2B2C Payouts (Mass Payouts, Gig/Creator, Marketplace) (FSAGAKAC), Consumer Remittances (P2P) (FSAMAIAA), P2P Transfers & Remittances Platforms (BPAMAFAE)

Keywords

• Payment orchestration platform
• Mobile money aggregation
• Cross-border remittance api
• Unified payment infrastructure
• Fintech api solutions

Headquarters

HQ city

Port Louis Town

HQ country

Mauritius

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. API Transaction Fees (Pay-In and Pay-Out): Hub2 charges transaction fees on each payment processed through its platform. The company facilitates mobile money pay-ins and pay-outs, card payments, and bank transfers across its network of 10 Francophone African countries, earning a take rate on each transaction volume processed.
2. B2B Platform/SaaS Fees for PSPs and Aggregators: Hub2 provides white-label or API-accessible infrastructure to Payment Service Providers, neobanks, and merchant aggregators who integrate Hub2's payment orchestration capabilities into their own products. Revenue is derived from transaction processing and potentially subscription-style API access fees.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Hub2 provides a single-API payment orchestration platform that aggregates mobile money operators (Orange Money, MTN Mobile Money, Wave, Moov Money), payment card networks, and bank transfers across Francophone West and Central Africa. The platform enables B2B clients — including neobanks, payment service providers, insurance companies, and merchant aggregators — to accept and disburse payments, perform international remittances, and manage sub-merchants through one integration, claiming 97-98% transaction success rates.

Product overview

HUB2 is a unified payment infrastructure platform providing API-based payment services across 12 Francophone African countries. The platform operates as a payment orchestration layer combining multiple products: HUB2 Pay-In API and HUB2 Pay-Out API form the core mobile money payment capabilities, while the International Remittance API enables cross-border transfers. These are complemented by vertical solutions for Neobanks and Payment Service Providers, plus operational features including submerchant management, payment links, bank collection, and recipients management. The platform connects to over 55 financial service providers including mobile money operators (Orange Money, MTN Mobile Money, Wave, Moov Money) and online payment platforms (CinetPay, PayDunya), and recently partnered with Ecobank to access 200+ million mobile wallets across 32 markets.

Differentiator

Problem solved

Functional benefit

Products and services

• HUB2 Pay-In API API solution enabling businesses to accept mobile money payments across Francophone African countries with guaranteed interoperability and a 97% transaction success rate.
• HUB2 Pay-Out API API solution enabling businesses to send mobile money payouts across Francophone African countries with a 98% transaction success rate.
• International Remittance API API for international money transfer services enabling cross-border remittances to over 9 countries in Francophone Africa with KYC verification and compliance features.
• Neobanks Solution Mobile money-powered neobanking solution enabling neobanks to offer secure, easy financial transactions from mobile devices with full payment infrastructure integration.
• Payment Service Providers Solution Interconnected multi-operator payment system for PSPs enabling mobile money and payment card acceptance through a single API integration.
• International Remittance Solution Cross-border remittance solution enabling money transfers to over 9 countries in Francophone Speaking Africa through partner network integration.

Quantifiable outcome

• 97-98% transaction success rate vs. average competition
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature6 records

Partnerships

One partnership is on record.

• Ecobank Transnational IncorporatedcoreStrategic or Co-development Partner · 2 March 2026Hub2 signed a memorandum of understanding with Ecobank to connect Hub2's network of more than 200 million mobile wallets to Ecobank's digital banking platform across 32 African markets. The partnership aims to address fragmented payment ecosystems in Francophone Africa by combining Hub2's single-API infrastructure with Ecobank's regulatory footprint, creating a unified gateway for cross-border transactions. Initial rollout focuses on UEMOA and CEMAC regions.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Thunes: Cross-border payments network connecting mobile wallets, bank accounts, and cards globally, with strong Africa and emerging-markets coverage. Directly comparable to Hub2's international remittance and cross-border payout capabilities.
• Onafriq (formerly MFS Africa): Pan-African mobile money interoperability and cross-border payments hub. Directly comparable to Hub2 as a payment orchestrator enabling mobile money interoperability and cross-border remittances across African markets, though at significantly larger scale.

Others

• Wave: Mobile money operator dominant in Francophone West Africa (Senegal, Côte d'Ivoire, Mali, etc.). Both a Hub2 integration partner and potential competitor depending on its API strategy toward merchants and aggregators.

Broad incumbents

• Flutterwave: Pan-African payment infrastructure serving enterprise merchants and PSPs with broader geographic reach and a much larger funding base. Comparable to Hub2 in B2B payment orchestration but at a significantly larger scale and broader geography.
• Interswitch: Nigeria-headquartered pan-African digital payments and commerce company with broad payments switching, card processing, and merchant acquiring services. Comparable to Hub2 in providing African payment infrastructure to banks and merchants.
• Cellulant: Pan-African digital payments platform providing payment integration, mobile money, and banking solutions across 35+ countries. Comparable to Hub2 as a payment aggregator in Africa, but with broader geographic coverage and larger enterprise footprint.
• Network International (N-Genius): Middle East and Africa payment processor offering acquiring, processing, and digital payment solutions. Comparable to Hub2 in serving payment infrastructure needs across emerging markets, but with a much broader geographic and product footprint.

Emerging players

• Chipper Cash: Cross-border mobile money remittance and payments app operating across African and global corridors. Comparable to Hub2's international remittance and mobile money interoperability focus, but consumer-led rather than pure B2B infrastructure.
• Moniepoint: Nigeria-focused payments and banking-as-a-service platform serving merchants and fintechs. Comparable as an emerging African payment infrastructure provider targeting B2B fintech and merchant clients.

Regional players

• Paystack: Stripe-owned payment gateway focused primarily on Nigeria and Anglophone West Africa. Comparable as a developer-first payment API targeting African merchants and fintechs, but largely regional rather than pan-African.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/HUB2.io
• LinkedInlinkedin.com/company/hub2

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hub2.Io