Nigerian fintech startup Hizo has secured $100,000 in seed funding to advance its mission of simplifying cross-border payments across Africa. The funding round was led by local and regional angel investors who believe in Hizo’s vision of enabling seamless, affordable transactions for businesses and individuals trading across African borders.
Hizo aims to address long-standing challenges in intra-African payments, including high fees, slow processing times, and limited transparency. The startup’s platform integrates with multiple local payment providers and mobile money networks to make it easier for users to send and receive funds between African countries.
“Our goal is to build a future where cross-border payments within Africa are as easy as sending a text message,” said Samuel Ojo, CEO and co-founder of Hizo.
🌍 A Step Towards Financial Inclusion and Regional Integration
Hizo’s solution aligns with the vision of the African Continental Free Trade Area (AfCFTA), as it seeks to lower barriers to trade and financial services across the continent. The startup plans to expand its reach initially to Kenya, Ghana, and South Africa, with additional markets to follow.
The $100K seed funding will be used to:
Enhance Hizo’s technology platform Strengthen regulatory partnerships Scale customer acquisition in key African markets
📌 What’s Next?
Hizo is preparing for a larger fundraising round in 2026 to support its regional expansion and further product development.