# Hubpay Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hubpay

- Industry: Financial Services
- Headquarters: Abu Dhabi, United Arab Emirates
- Website: www.hubpay.ae
- Total disclosed funding: $20M
- Latest round: Series A (Feb 8, 2022)
- Investors on record: 7

## About

Hubpay Corporation is a regulated global payment platform that specializes in providing comprehensive payment solutions for businesses in the UAE, facilitating seamless international transactions and multi-currency management.Founded in 2018 and headquartered in Dubai, United Arab Emirates, Hubpay Corporation operates as a global payment platform catering to businesses with services designed for international transactions. The company was co-founded by Kevin Kilty, who serves as CEO alongside Owais Shaikh. Hubpay has successfully completed two funding deals, with the most recent being a Series A round in February 2022, raising USD 20 mn led by Signal Peak Ventures and supported by other investors such as Aditum Bio and BECO Capital.Hubpay offers a regulated suite of payment services tailored for businesses in the UAE, including multi-currency business accounts, foreign exchange services, cross-border payroll, and innovative payment link solutions. Businesses can manage funds in over 150 currencies and accept diverse payment methods, including cards, bank transfers, and cryptocurrencies, facilitating transactions across multiple industries such as construction, automotive, and retail.Hubpay generates revenue through tiered pricing plans catering to businesses of various sizes, including a starter plan for smaller businesses with a monthly volume of up to USD 30,000 and a comprehensive plan for medium-sized businesses supporting up to USD 200,000. Revenue streams include transaction fees for currency conversion, payroll processing, and payment link usage, ensuring efficient transaction management for clients.Following its Series A funding round in February 2022, where the company raised USD 20 mn, Hubpay plans to utilize these funds to launch a cross-border digital wallet aimed at providing no-cost remittances, thereby enhancing financial inclusion in the region. The company aims to expand its market reach, focusing on new geographic regions, though specific additional markets have not yet been disclosed.

## Funding rounds

- Series A, Feb 8, 2022, $20M — Signal Peak Ventures, BECO Capital, Stormbreaker Venture Group, Olive Tree Capital, Emkan Capital, Aditum Bio
- Seed, Apr 19, 2020 — Signal Peak Ventures, Falcon Network

## Investors

- Signal Peak Ventures (https://capitalatlas.ai/funds/signal-peak-ventures) — Seed, Series A
- Falcon Network (https://capitalatlas.ai/funds/falcon-network) — Seed
- BECO Capital (https://capitalatlas.ai/funds/beco-capital) — Series A
- Stormbreaker Venture Group (https://capitalatlas.ai/funds/stormbreaker-venture-group) — Series A
- Olive Tree Capital (https://capitalatlas.ai/funds/olive-tree-capital) — Series A
- Emkan Capital (https://capitalatlas.ai/funds/emkan-capital) — Series A
- Aditum Bio (https://capitalatlas.ai/funds/aditum-bio) — Series A