Hisa Co-Founder Steps Down After Risevest Acquisition

Eric Jackson, co-founder of the Kenyan fintech startup Hisa, has left his role at the company following its acquisition by Nigerian investment platform Risevest in September 2024. This unexpected move raises obvious questions about the integration process and future leadership of Hisa.

Hisa’s Rise and Acquisition

Founded in 2020, Hisa, under Jackson’s leadership, embraced an important niche in Kenya’s fintech space by offering access to both local and international stock markets. This democratized investment opportunities for many Kenyan investors who were previously limited in their options. The company achieved significant milestones, securing regulatory approvals and forging strategic partnerships that played a huge role in its growth.

The September 2024 acquisition by Risevest marked a significant expansion for the Nigerian fintech giant, allowing it to enter the Kenyan market. Hisa was expected to retain its brand and operations post-acquisition, with Jackson transitioning to the role of CTO.

Uncertainties and a New Path for Jackson

However, Jackson’s unexpected departure suggests there may have been challenges in merging the two companies or a difference in vision for Hisa’s future. This news comes just as Jackson sets his sights on a new venture – the Mashuuru Sports Complex initiative – aimed at improving sports infrastructure in East Africa. He now hopes to use his expertise to create a lasting impact on the East African sporting ecosystem by providing better infrastructure and opportunities for athletes.

What Lies Ahead for Hisa?

Only time will tell how Risevest navigates the integration of Hisa and addresses any leadership gaps. While Jackson embarks on a new path, Hisa’s future within the Risevest ecosystem remains to be seen.