Rise, a Nigerian fintech that gives customers access to selected global investments, has finalised its acquisition of Hisa, a Kenyan investment startup.
Reports in July indicated that Rise was in talks to purchase the Kenyan startup.
The deal will reportedly be a mix of stock and cash acquisition. Post-acquisition, Hisa will retain its brand and operations, including its staff.
Details
Hisa CEO Eric Jackson will become chief technology officer (CTO), a position he previously held before Eric Asuma, Hisa’s co-founder and then CEO, stepped down.
Asuma, the founder of the business publication Kenyan Wall Street, co-founded Hisa with Jackson in 2020 and will stay on as a strategy advisor.
Leah Njoroge, a former investment analyst at Kenyan Wall Street and finance associate at Hisa, has been named head of operations.
Source: TechCabal
Catch up on news and other tidbits on our WhatsApp Community Page, Twitter/X, and subscribe to our weekly newsletter to ensure you don’t miss out on any news.
