HUBUC is an embedded finance API provider that describes itself as "AWS for financial services." Its core product is an API plus no-code solutions that enable companies to embed bank accounts, payments, virtual and physical cards, real-time FX rates and digital wallets. HUBUC sits as a layer between financial partners and client products, managing contracts, regulatory requirements, AML, integrations and risk on behalf of customers. Founded in 2021 by Hasan Nawaz (CEO) and Ignacio Javierre (COO) and emerging from Barcelona, the company says it covers 58 territories. Customers include Mastercard, Wagestream, PayFlow, OkTicket and Declarando. The company recently closed a $10 million seed round co-led by WndrCo and Runa Capital. Founders state their vision is to become the platform that enables any company to embed financial services by simplifying complexity into one contract and one API. Hubuc is a banking-as-a-platform fintech founded in late 2019 by Ignacio Javierre and Hasan Nawaz and headquartered in Barcelona. Its platform allows companies to launch banking products in a few weeks with low initial cost while Hubuc assumes regulatory risk. Customers can create debit/credit cards, open accounts with IBANs in Spain and other countries, initiate payments and automate collections. The company operates in the European market with two banking partners in the UK and France and is regulated under UK (FCA) and French (ACPR) authorities as reported. Client funds are custodied by the UK central bank for UK accounts and by a major French bank with over 130 years of history for European accounts. Hubuc has 12 employees and positions itself to become the "Amazon Web Services" of the financial sector.

Total raised

$10M

Funding rounds

2

Latest round

Seed

Latest activity

Feb 2022