Hizo, a Nigerian-founded fintech startup, has recently announced the successful closure of a $100,000 seed funding round through Friends and Family investors. The round was led by a prominent local angel investor and was finalized on June 4, 2025. This funding will play a crucial role in supporting Hizo’s mission to simplify intra-Africa money movement, allowing users to easily send, receive, and spend their local currencies across multiple African borders.
Traditionally, cross-border payments within Africa have heavily relied on foreign currencies, such as the US dollar. In response to this challenge, Hizo has developed a platform dedicated exclusively to intra-Africa financial transactions. Victor Chiedu, the CEO of Hizo, emphasized the importance of focusing on the substantial value Africans exchange amongst themselves daily, rather than solely relying on funds from the West. The platform is currently in its pilot phase in Nigeria, enabling individuals and small businesses to transfer funds and make transactions in naira across more than 14 African countries without the need to convert into foreign currencies.
The seed funding will be instrumental in driving Hizo’s expansion, enhancing technological capabilities, and improving customer experiences. The key areas of focus for the company include product innovation, market expansion, and team development. By strengthening the technical infrastructure, introducing user-friendly features, growing the customer base through strategic marketing efforts, and investing in staff training for operational scaling, Hizo aims to drive growth and innovation.
By choosing a Friends and Family round, Hizo is demonstrating its commitment to community-driven growth. The selection of investors who align with the company’s mission and values is crucial for fostering a supportive and collaborative environment. With the initial funding round completed, Hizo plans to attract institutional investors and partners, while also strengthening relationships with regional financial institutions and mobile money providers.
Looking ahead, Hizo’s future plans involve integrating additional African currencies, expanding collaborations with remittance aggregators, and breaking down barriers to trade and commerce across the continent. By reducing reliance on foreign currency intermediaries, the startup aims to empower Africans with true financial autonomy and connectivity. Victor Chiedu envisions a future where entrepreneurs across Africa can seamlessly transact with partners using their local currencies, ultimately delivering real financial independence.
In conclusion, Hizo’s receipt of $100,000 in seed funding marks a significant step towards transforming intra-Africa remittance and fostering financial independence across the continent. The company’s dedication to innovation, market expansion, and team development positions it for future growth and success in the fintech industry. For more information, you can visit the source of this article here.
