Hubuc raised a $10 million seed funding round co-led by WndrCo and Runa Capital.

Hubuc, a Barcelona, Spain-based startup building a financial services company, announced completing a $10 million seed funding round.

The money was raised from a range onf investors co-led by US-based Runa Capital and WndrCo, joined by Y Combinator and Village Global, as well as angels Sujay Jaswa (Dropbox), John Lilly (ex CEO Mozilla), Immad Akhund (CEO Mercury), Lars Fjeldsoe-Nielsen (ex VP Uber), Bo Jiang (CEO Lithic), John Bautista (Partner Orrick), and Anthony Saleh (angel investor in Coinbase and Robinhood).

Hubuc, founded in 2019 by Ignacio Javierre and Hasan Nawaz, works for the development of a banking as a platform solution and is currently available in the European market for those companies that want to offer banking services to their clients as part of their current offer of product.

The HUBUC platform has two banking partners in the United Kingdom and France that provide banking services and the depository of accounts. Under its licenses, HUBUC can operate throughout the European Union, while it is regulated by the Central Bank of UK (FCA) and the Central Bank of France (ACPR). Clients' money is held by the UK Central Bank (for UK accounts) and by a French bank (for European accounts).

The company says it now covers 58 territories, working with products such as travel booking payments, marketing and media spend, and employee benefits. Customers include Mastercard, Wagestream, PayFlow, OkTicket, and Declarando.

Hubuc was part of the European startups at Y Combinator in winter 2021 and prior to that had raised $400k from local investors from Spain, including SeedRocket 4Founders, Lanai Partners and Reus Capital, as well as angel investors Albert Armengol and Jesús Monleón.