Hizo, a Nigerian-founded fintech startup, has secured $100,000 in seed funding through a Friends and Family round officially closed on June 4, 2025. The round, led by a prominent local angel investor, marks an important step in the company’s mission to simplify intra-Africa money movement, enabling users to send, receive, and spend their local currencies across African borders without relying on U.S. dollars or other foreign intermediaries.
“Most remittance platforms prioritize money coming from the West, often overlooking the significant value Africans exchange among themselves daily,” explained Victor Chiedu, CEO of Hizo.
“We’re creating a product for the real, everyday economy—built for Africans by Africans.”
🌍 Reimagining Remittances Across Africa
Unlike many existing remittance platforms, Hizo is built specifically for intra-African transactions, focusing on local use cases often underserved by traditional providers. Its platform—currently in pilot in Nigeria—allows individuals and small businesses to send and spend naira across more than 14 African countries without currency conversion.
“We’re envisioning a future where an entrepreneur in Nairobi can transact directly with a partner in Lagos seamlessly in their local currency,” said Chiedu. “It’s about creating real financial independence across Africa.”
💡 A Community-Led Investment Model
Rather than seek early-stage venture capital, Hizo opted for a Friends and Family round to align its growth with like-minded believers in its mission.
“We intentionally chose investors who believe deeply in our mission and understand the transformative potential of what we’re building,” Chiedu noted.
“This isn’t just about raising capital, it’s about growing a community around shared values.”
The $100K raised will be deployed across three strategic areas: improving the platform’s technical infrastructure and user experience, expanding market presence and brand visibility, and investing in team development to support long-term scale.
🔮 Looking Ahead
With plans to integrate more African currencies and deepen partnerships with remittance aggregators, mobile money operators, and regional financial institutions, Hizo is focused on removing long-standing barriers to Pan-African commerce.
The startup envisions a future where Africans can transact freely and affordably across borders in their own currencies—boosting trade, empowering entrepreneurs, and strengthening economic ties across the continent.
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