Hubuc to raise 350,000 euros from SeedRocket 4Founders, Lanai Partners and Reus Capital

Hubuc, a Barcelona, Spain-based startup building a financial services company, announced securing EUR 350k ($400k) in a preseed investment round.

The money was provided by local investors from Spain, including SeedRocket 4Founders, Lanai Partners and Reus Capital, as well as angel investors Albert Armengol and Jesús Monleón.

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).