Risevest, a Nigerian company that helps people invest in stocks, plans to buy Hisa, a Kenyan fintech startup. Hisa allows users to buy US stocks. If the deal happens, Risevest will enter the Kenyan market and make its second acquisition after buying Chaka in 2023.
Another Nigerian company, Bamboo, recently started operating in South Africa. Risevest’s CEO, Eke Urum, confirmed that they’re in talks with Hisa but haven’t reached an agreement yet. Hisa hasn’t commented on the deal.
Risevest has around 600,000 users and is backed by investors. Hisa, founded in 2020, is licensed by Kenyan authorities and offers global investment opportunities. By acquiring Hisa, Risevest plans to gain a foothold in Kenya without needing new licenses.
