FINTECH AFRICA | Nigerian Investment Fintech, Risevest, Acquires Hisa, a Kenyan Investment Fintech Startup

BitKE

2026-02-19 13:45:29

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Kenyan investment app, Hisa, has been acquired by Risevest, a similar but more established venture in Nigeria.

“Excited to share that Hisa has been acquired by Risevest,” announced Hisa Co-Founder Eric Asuma on Twitter.

“Eke Urum [Risevest CEO] and I share a vision of expanding investment opportunities for Africans. A huge thank you to our early investors – this milestone is as much yours as it is ours.”

The deal reportedly allows Risevest to operate in Kenya and is the second investment by the Nigerian company in less than a year. In September 2023, Risevest, acquired fellow Nigerian venture, digital trading company, Chaka.

According to Urum, Hisa will keep its name while the company’s brand and staff will also not be affected by the move.

“We like the Hisa name because it resonates well with Kenyans so we have no plans on changing it,” Rise CEO, Eke Urum, told journalist.

“We are not planning to make a lot of changes; it is time to understand the company, the culture, the context, and the market that we are coming into.”

According to reports, the current CEO of Hisa, Eric Jackson, will now become the CTO, a position he previously held before.

Asuma, founder of business publication, Kenyan Wall Street, co-founded Hisa with Jackson in 2020 and will stay on as a strategy advisor.

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