Nigerian Company Rescuing Businesses from Costly Cross-Border Costs & Delays - HIZO App

In Nigeria’s bustling markets and tech hubs, SMEs and entrepreneurs are rewriting the nation’s economic story. Despite this progress, outdated cross-border payment systems threaten to stall their progress. Lengthy delays, unpredictable fees, and lost transactions have long plagued businesses trying to compete globally. HIZO Technology Limited, a homegrown fintech, is changing this narrative. 
By offering instant, affordable, and secure international payments, HIZO is empowering Nigerian businesses to scale, innovate, and reclaim their time and profits.

“Our vision at Hizo is to revolutionize financial transactions for Nigerians, fostering a world where seamless currency exchange is the norm. We envision a future where individuals and businesses can effortlessly utilize their Naira in Ghana, South Africa, Kenya, and Rwanda, without the barriers of traditional exchange methods,” Victor Chiedu, the CEO notes. 

How does HIZO work?
Hizo is simple to use. Firstly, 

Download the app, Sign up for an account, Verify your account, Fund your wallet, Transfer funds by selecting destination country, channel, destination bank account, and amount.

How to convert naira to another African currency on the Hizo app?

Simply fund your Hizo account and select the destination country you wish to transfer funds to, transfer channel, bank account, and amount. Your chosen amount will be converted automatically to show the naira equivalent. Then you can click send.

How to fund a HIZO account with Naira?

After signing up on the Hizo app, a virtual account will be assigned to you. You can fund that account by transferring cash directly from your Nigerian bank account into your assigned virtual account.

In the words of Nigeria innovator Mr. Abdulazeez, one of HIZO’s users, “HIZO has saved me a lot especially when paying for services in Kenya like Uber and in restaurants. I don’t even need to buy a Kenyan SIM card because HIZO can pay directly from my Naira account to an Mpesa line.”

For Nigerian SMEs, cross-border transactions are a minefield of inefficiencies with delayed payments, high fees and currency risks, whereby volatile exchange rates and hidden charges make financial planning impossible, just to mention a few.
PHOTO: Victor Chiedu, Chief Executive Officer, HIZO Technology Limited (right) at the Africa Tech Summit in Nairobi
These challenges cost Nigerian businesses an estimated ₦450 billion annually in lost opportunities and fees, a figure HIZO is not only determined to reduce, but also get rid of, altogether. The pain is especially felt by small businesses, most of which lack adequate starting capital. Thanks to HIZO, the financial burden will be eased through the reduced cross border costs. 


“With a relentless commitment to innovation, security, and user-centric design, we aim to be the leading platform that empowers Nigerians to embrace global opportunities and financial freedom. We envision a society where financial inclusion is a reality, where individuals can explore new horizons and businesses can thrive in the global economy,” he asserted. 


Empowering Freelancers and Gig Workers 
 
Nigeria’s gig economy is booming, with an estimated over 500,000 freelancers offering services globally. However, platforms like Upwork and Fiverr impose high withdrawal fees and delays. HIZO is working to integrate directly with these platforms, enabling freelancers to withdraw earnings instantly, and save on fees. 
  
Moreover, Nigeria’s e-commerce sector, projected to hit $75 billion by 2025, relies heavily on cross-border logistics and payments. HIZO is also looking to leverage on this pool by supporting this growth in various ways: 

Enabling instant payments to international vendors for inventory.  
Offering APIs for startups to embed HIZO’s payment tools into their platforms.  
Reducing forex risks for companies like Jumia and Konga when sourcing goods abroad.

Reclaiming Time, Money, and Potential

HIZO Technology is more than a payment platform, it’s a strategic partner for Nigerian businesses determined to a globalized world. By eliminating the bottlenecks of cost and delay, Victor Chiedu and his team are ensuring that Nigerian innovation isn’t held back by archaic financial systems. For entrepreneurs, freelancers, and corporations alike, HIZO is the key to unlocking speed, savings, and seamless growth. 

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