Hubpay: UAE-based e-wallet Hubpay secures $20m in series A round

Author: Thu, 2022-02-10 15:34 RIYADH: UAE-based digital wallet provider Hubpay has raised $20 million in a Series A round. The funding will be used to hire new employees, and for the company's planned international expansion in 2022 with a focus on Asia and Africa, Magnitt reported. The funding was led by US-based telecommunications firm Signal Peaking. Investors including Olive Tree Capital, BECO capital, Stormbreaker, and Emkan Capital also contributed to the round. Founded in 2019, Hubpay is an e-wallet that aims to facilitate the process of money transfers on a domestic and international level. Main category: Business & EconomyTags: UAEfintechstartups EFG Hermes sees interest from Saudi, UAE sovereign funds in Egyptian marketEgypt's fintech Thndr secures $20m in Series A round