NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

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.” HUB2, as the startup is called, already works with some 55 neobanks, payment companies, remittance companies and cryptocurrency providers, and it has now picked up $8.5 million to expand that list, and to up its game in its tech stack.

Photo courtesy of Andrea Piacquadio.