# Hubpay

> Hubpay is a UAE-regulated fintech that gives small and medium businesses a global payments platform - multi-currency business accounts, competitive FX, cross-border payroll, and regulated payment links in one dashboard. Founded in 2019 by Kevin Kilty and licensed under the Abu Dhabi Global Market, it was the first independently regulated fintech in the UAE authorized to offer digital money services, and it now connects the UAE with markets across Asia, Africa, and Europe.

- **Founded:** 2019
- **Headquarters:** Abu Dhabi, United Arab Emirates
- **Founders:** Kevin Kilty (CEO & Founder)
- **Team size:** 60+ employees across 20+ nationalities
- **Products:** Multi-Currency Business Account, Corporate FX & Hedging, International Payroll (Non-WPS), Payment Links, Africa Collect & Remit
- **Notable:** First independently regulated fintech in the UAE licensed to offer digital money services (2020)., First fintech to hold EMI licenses across both the UAE and Pakistan., Raised $20M Series A led by Signal Peak Ventures (2022).

## Products & services

- **Multi-Currency Business Account** — A single account holding named virtual IBANs across 30+ currencies (AED, USD, EUR, GBP, AUD, CAD and more) with access to 145+ currencies, letting businesses hold, receive, and send funds without juggling multiple banks.
- **Corporate FX & Hedging** — Competitive foreign exchange with forward contracts and automated hedging so businesses can lock in rates and manage currency exposure.
- **International Payroll (Non-WPS)** — Bulk cross-border payroll to employees and contractors in 85+ countries with same-day or next-day settlement.
- **Payment Links** — Regulated payment links that let businesses accept card and bank-transfer payments, with funds converted and settled into the Hubpay account - live in under a week.
- **Africa Collect & Remit** — A cross-border solution enabling businesses with entities and trade partners across Africa to send and collect payments via the UAE, supporting Asia-Africa trade.
- **Hubpay Digital Wallet** — The original e-wallet enabling domestic and international money transfers, Hubpay's first regulated product.

## Achievements

- First independently regulated fintech in the UAE licensed to offer digital money services (2020).
- First fintech to hold EMI licenses across both the UAE and Pakistan.
- Raised $20M Series A led by Signal Peak Ventures (2022).
- Selected for the UAE Future100 list of the country's most promising startups.
- Named among Top Startups in the UAE (LinkedIn, 2023) and recognized in Inc. Arabia's Best in Business Awards (2024).
- ISO/IEC 27001:2022 certified for information security.

## Latest updates

- **2024-10** — State Bank of Pakistan issued Hubpay pilot EMI approval, clearing the path toward a full commercial launch in Pakistan.
- **2024-05** — Closed a further funding tranche as it scaled its SME business accounts.
- **2025-01** — Rolled out international payroll and regulated payment links for UAE businesses.
- **2024-01** — Launched multi-currency business accounts for SMEs with named IBANs across 30+ currencies.

## Links

- Website: https://hubpay.io
- LinkedIn: https://www.linkedin.com/company/hubpay
- Instagram: https://www.instagram.com/hubpayapp/
- Facebook: https://www.facebook.com/hubpay.ae

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Profile page: https://yespress.io/hubpay
Published by YesPress — https://yespress.io
Last updated: 2026-07-27