Hizo Raises $100K to Power Seamless Intra-Africa Payments
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Nigerian fintech startup Hizo has secured $100,000 in a Friends & Family seed funding round, completed on June 4, 2025. The funding marks a pivotal step in the company’s mission to revolutionize intra-Africa payments, allowing individuals and businesses to transact seamlessly in local currencies across African borders.
Tackling Africa’s Cross-Border Payment Challenges
For years, African traders and individuals have faced barriers in cross-border transactions ranging from complex currency conversions to high exchange fees and unreliable intermediaries. Hizo addresses these pain points directly.
“Our platform removes the friction associated with traditional remittance solutions by allowing Africans to easily use their local currencies across multiple countries,” said Victor Chiedu, CEO of Hizo.
Unlike conventional remittance services that focus on sending money from the diaspora, Hizo is built for intra-African daily transactions, serving real-time community and economic needs on the continent.
Strategic Use of Funds
With this fresh injection of capital, Hizo plans to:
- Enhance product features with advanced technical upgrades
- Expand its market presence across Africa
- Scale operations through strategic hires and employee training
These efforts will not only strengthen its digital infrastructure but also accelerate customer acquisition across emerging African markets.
Grassroots-Driven Capital Strategy
Choosing a Friends & Family funding model was intentional, according to Chiedu.
“We sought out investors who genuinely share our vision and understand the importance of creating sustainable, community-driven solutions in Africa.”
This approach reflects Hizo’s community-first philosophy, setting a solid foundation for future institutional funding rounds and broader ecosystem collaboration.
A New Standard for Pan-African Commerce
Positioned at the crossroads of fintech and intra-African trade, Hizo is actively redefining what financial inclusion and cross-border commerce look like on the continent. Its platform empowers Africans to conduct secure, local currency transactions without relying on foreign exchange or external remittance services.
Looking ahead, Hizo plans to integrate with more payment providers and boost cross-border functionality before the end of 2025.
“Our ultimate goal is to empower Africans to conduct business across borders without depending on foreign currencies,” Chiedu said. “This funding round is a critical step in that journey.”
