This startup aims to simplify money transfers between Nigeria and the rest of the African continent. Its founder has raised initial funds for this goal with support from friends and family.

Hizo, a Nigerian fintech startup, has developed a solution to enable quick money transfers across several African countries using a mobile wallet. Founded in 2024 by Victor Chiedu and based in Asaba, the company raised $100,000 in seed funding in June 2025 to scale its technology and accelerate growth.

"Cross-border transactions within Africa are typically routed through foreign currencies like the U.S. dollar, which drives up cost and complexity," Chiedu said. "We're building a platform by Africans, for Africans, a system that supports local currencies across borders without foreign intermediaries."

The Hizo solution is available via a mobile app on iOS and Android, where it has already seen over a thousand downloads, according to Play Store statistics. Users can set up accounts by providing basic information and completing Know Your Customer (KYC) checks. Once registered, they can send and receive money from friends, family, or clients through their digital wallet.

Nigerian users can fund their Hizo wallets using local bank cards or through Flutterwave. They can then transfer money to bank accounts or mobile wallets in countries such as Ghana, Kenya, Cameroon, and South Africa. The process is designed to be simple, secure, and fast, with active customer support available to assist with any issues.

Hizo is positioning itself in the intra-African remittance market, targeting individuals, merchants, and regional diasporas seeking to send money without relying on traditional channels, which are often slow and costly. Currently in its pilot phase, the fintech expects significant growth in the coming months.

By Adoni Conrad Quenum,

Editing by Feriol Bewa