The Nigerian FinTech startup, Risevest, which provides its users with access to global investments, and the Nigerian stock exchange, aims to acquire Hisa, a Kenyan startup that provides access to the U.S. stock exchange.
If this deal goes through, it would become FinTech’s second acquisition after Chaka, a digital trading startup, and would enable Risevest to expand operations to Kenya.
“We’re always discussing with other companies to see where potential alignments can be created, but for now, nothing is concrete with Hisa yet. Eke Urum, Risevest Founder and CEO.
Hisa was established in 2020 by Eric Asuma and is licensed by the Capital Markets Authority of Kenya (CMA) and the Nairobi Securities Exchange (NSE). Therefore, acquiring Hisa will enable Risevest to obtain a market share in Kenya without the need to register a new entity.
The market is based on the numbers and i believe working with a local team might be the best chance of cracking it.
Anonymous Risevest Executive.
