Hubject Financial Services gets green light from regulator

The eRoaming platform Hubject has received regulatory approval for its financial services subsidiary from Germany's financial watchdog (BaFin) to process payments under the Payment Services Oversight Act (ZAG) in Europe. It makes Hubject the first eMobility company with its own regulated financial services solution.

Put simply, it means Hubject will now be able to offer fully compliant payment processing services to its customers via its subsidiary. As well as using its Interchange platform to access charging infrastructure partners, CPOs and EMPs can now rely on the firm to manage transactions, invoicing, settlements, and money transfers there as well.

Financial operations between charging partners are often fragmented, with each company handling issues like its own invoicing, cross-border settlements, and VAT compliance individually. Hubject’s Interchange platform is already used to consolidate charge points and eMobility operators across markets, but gaining BaFin approval means it now also has a fully regulated financial backend tailored for its customers. Customers will be able to access automated cross-border payments, VAT-compliant and multi-currency handling, streamlined invoicing and settlements, and secure money transfers, all in a single platform.

Carsten Puhl, CEO of Hubject Financial Services, said: “Today marks the completion of our most ambitious project. With this license, we can build financial tools that match the pace of EV adoption—whether that’s faster settlements, new payment models, or more flexible services for our partners.”

Hubject has been expanding its cross-provider charging network at pace over the last few years, with more than 2,500 companies now party to it. Part of this recent growth has been around Hubject’s Plug & Charge service, which has seen the likes of Zemetric, Ionna, and Allego come aboard.

Back in September 2024, Hubject CEO Christian Hahn underlined the value of the company’s new financial services subsidiary to the company’s operations. He said: “All markets are facing one big challenge, and that is getting invoices paid between CPOs and EMPs. One of the reasons is that there are so many companies out there. Cash flow is key, which is why we believe that this solution comes at the right time.”

hubject.com