In a move that comes as little surprise, Eric Jackson, co-founder and former CEO of Kenyan fintech startup Hisa, has stepped down from his role at Risevest, less than two months after the company was acquired by the Nigerian investment platform.
After transitioning to the position of Chief Technology Officer (CTO) following the acquisition, Jackson has announced his departure to pursue a new venture in the sports industry.
Hisa, co-founded in 2020 by Jackson and Eric Asuma, made notable progress in democratising access to investment opportunities in Kenya. The platform enabled users to invest in local and international stock markets, offering a service that had been largely inaccessible to many Kenyan investors.
Under Jackson’s leadership, Hisa achieved key milestones, including securing regulatory approvals and establishing strategic partnerships. His departure marks a shift for Hisa as it continues its integration into Risevest.
Risevest’s acquisition of Hisa, finalised in September 2024, opened the door for the Nigerian platform to establish a foothold in the Kenyan market. The plan appears to involve maintaining Hisa’s brand and operations, ensuring continuity for its user base.
Jackson’s decision to leave Risevest comes as he sets his sights on a new challenge—the Mashuuru Sports Complex, an initiative focused on improving sports infrastructure in East Africa.
“In the meantime, you’ll find me at the Mashuuru Sports Complex,” Jackson shared. “I’m can’t wait to bring my experience to this new venture and bring to life opportunities for athletes while enhancing the region’s sports landscape.”
Jackson’s departure comes after the leadership transition initiated by Risevest’s acquisition of Hisa. Such adjustments are common in mergers and acquisitions, as companies align their teams to achieve shared goals.
As Hisa moves forward under Risevest’s umbrella, the focus will likely remain on expanding its offerings and serving its growing user base across East Africa.
