Nigerian Fintech Startup Hizo Raises $100k in a Seed Funding Round

Nigerian fintech startup Hizo has raised $100k in a seed funding round, marking a significant step forward in its mission to make sending and spending local currencies across African borders easier for everyone. This Hizo seed funding round, which was completed on June 4, 2025, came from a “friends and family” group of investors who believe in the company’s vision of simplifying money transfers within Africa.

Hizo is a young financial technology company that wants to solve a big problem: how Africans send, receive, and spend money with each other. Right now, most cross-border payments within Africa are complicated and expensive because they often have to go through foreign currencies like the US dollar. This adds extra costs and makes the process slow and confusing for everyday people and small businesses.

With the $100k raised in its seed funding round, Hizo plans to make its digital platform even better. The company is currently in its pilot phase in Nigeria, but it already allows users to send and spend their Naira in more than 14 African countries without needing to convert to another currency first. This means a Nigerian trader or traveler can pay for goods or services in other African countries using their local currency, making business and travel much smoother.

The new funding will be used in three main areas. First, Hizo will invest in product innovation, strengthening the technology behind its platform and adding new features that make it easier and more secure for users. Second, the company will work on market expansion, reaching more customers through marketing, building brand awareness, and connecting with local communities. Third, Hizo will focus on team development, training its staff and hiring new talent to support its growth and keep up with demand.

Victor Chiedu, the CEO of Hizo, explained that the fintech startup Hizo raises $100k in a seed funding round not just to get money, but to build a community of supporters who share the company’s mission. “We chose backers who deeply understand our mission and want to be part of a lasting change,” he said. “It’s more than fundraising – it’s about building a value-driven community”.

Hizo’s approach is different from most remittance platforms, which often focus on money coming from outside Africa. Instead, Hizo wants to support the real, everyday financial needs of Africans trading and doing business with each other. By making it possible to use local currencies across borders, Hizo is working to reduce the cost and hassle of cross-border payments and help African businesses and individuals become more connected and financially independent.

Looking ahead, Hizo plans to use the momentum from this Hizo seed funding round to attract bigger investors and form partnerships with banks and mobile money providers across Africa. The company also aims to add more African currencies and work with other payment providers, making it even easier for Africans to do business with each other without relying on foreign currencies.

With Hizo raising $100k in a seed funding round, the company is taking a big step toward its goal of making financial transactions across Africa simple, affordable, and accessible for everyone.

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