Hizo: Pioneering Intra-Africa Financial Transactions
Hizo, a promising fintech startup founded in Nigeria, has recently made headlines by securing $100,000 in seed funding through a Friends and Family round that closed on June 4, 2025. This funding round, led by a notable local angel investor, is set to bolster Hizo’s mission of streamlining intra-Africa money movement. The platform aims to empower users to send, receive, and spend their local currencies effortlessly across multiple African borders.
Addressing a Critical Need
Historically, cross-border payments within Africa have heavily relied on foreign currencies, particularly the US dollar. This reliance poses challenges for many individuals and businesses that engage in daily transactions across the continent. Hizo has stepped in to address this gap by developing a platform dedicated exclusively to intra-Africa financial transactions. Victor Chiedu, CEO of Hizo, emphasizes this mission: “Most remittance platforms focus on funds flowing from the West, often neglecting the substantial value Africans exchange among themselves daily. We’re building a solution for the everyday economy—created by Africans, for Africans.”
Current Operations and Pilot Phase
Currently in its pilot phase in Nigeria, Hizo’s platform allows individuals and small businesses to transfer funds and spend their naira seamlessly across more than 14 African countries. This innovative approach eliminates the need for currency conversion, making transactions more efficient and cost-effective for users. By focusing on local currencies, Hizo is not just facilitating payments; it’s fostering economic integration across the continent.
Utilizing Seed Funding for Growth
The recent seed funding will play a crucial role in Hizo’s growth strategy. The company has outlined key areas of focus that will be supported by this investment:
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Product Innovation: Hizo plans to strengthen its technical infrastructure while introducing features that enhance user experience. This includes making the platform more intuitive and accessible for all users.
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Market Expansion: The startup aims to grow its customer base through strategic marketing initiatives, increased brand awareness, and active community engagement. By connecting with local communities, Hizo hopes to build trust and encourage adoption.
- Team Development: Investing in staff training is essential for operational scaling. Hizo recognizes that a skilled team is vital for driving growth and fostering innovation within the company.
Community-Driven Growth
Opting for a Friends and Family funding round highlights Hizo’s commitment to community-driven growth. Chiedu explains, “We deliberately selected investors who share our mission and recognize the transformative impact of what we’re building. This isn’t merely about raising funds; it’s about building a community around shared values.” This approach not only strengthens Hizo’s foundation but also aligns its growth with the aspirations of its investors.
Future Aspirations and Strategic Partnerships
With the initial funding secured, Hizo is poised to attract institutional investors and partners while strengthening ties with regional financial institutions and mobile money providers. The startup’s forthcoming plans include integrating additional African currencies and expanding collaborations with remittance aggregators. By actively dismantling barriers to trade and commerce across the continent, Hizo aims to empower Africans with true financial autonomy and connectivity.
Envisioning a Seamless Future
Chiedu envisions a future where an entrepreneur in Nairobi can seamlessly transact with a partner in Lagos using their local currencies. “It’s about delivering real financial independence across Africa,” he remarks. This vision encapsulates Hizo’s mission to revolutionize the way Africans engage in financial transactions, fostering a more interconnected and economically vibrant continent.
For more information, visit Hizo and explore how this innovative startup is transforming intra-Africa remittance.