Hisa’s Acquisition: A Major Milestone in Startup Wise Guys’ African Portfolio
At Startup Wise Guys, we take immense pride in celebrating the milestones of our portfolio companies. Today, we are thrilled to announce a significant achievement: Hisa, a leading Kenyan fintech startup from our SaaS Africa 2023 batch, has been acquired by Rise, a prominent Nigerian financial technology company. This acquisition underscores the growing potential of African startups and highlights the critical role of cross-border collaboration in
Spotlight on Hisa
Founded in 2020 by Eric Asuma and Eric Jackson, Hisa has transformed the investment landscape in Kenya. Its platform democratizes access to both local and global investment opportunities, empowering everyday Kenyans to build wealth. The name “Hisa,” meaning “share” in Swahili, reflects its mission to foster inclusivity and promote financial literacy.
Hisa’s journey has been marked by resilience and innovation. By enabling more people to participate in wealth-building, it has set a new standard for what fintech in Africa can achieve. As part of Rise, Hisa will continue to expand its reach and improve its offerings, bringing greater access to financial tools across the continent.
A Shared Vision for Financial Inclusion
This acquisition represents more than just a business milestone; it is a powerful collaboration between two companies with shared values and a bold vision for the future of financial inclusion in Africa. Together, Hisa and Rise aim to expand access to innovative investment tools, showcasing the immense opportunities within Africa’s fintech sector.
“This milestone reflects the strength of Hisa’s team, technology, and vision. We look forward to the value this collaboration will create in the industry,” said Petra Wolkenstein and Franziska Loschelder, General Partners at Startup Wise Guys.
Such achievements go beyond individual companies—they highlight the broader African tech ecosystem, demonstrating how homegrown solutions can address unique challenges while setting benchmarks for success.
Why This Milestone Matters
Hisa’s acquisition by Rise is a pivotal moment for the Kenyan startup ecosystem and a shining example of the potential within Africa’s SaaS and fintech sectors. It validates the significance of investing in African startups and the power of collaboration in scaling transformative ideas.
For Startup Wise Guys, this milestone reaffirms our commitment to supporting startups in emerging markets. We remain dedicated to empowering founders, fostering connections, and creating the right environment for long-term success.
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What’s Next?
As Hisa embarks on this exciting new chapter, its story serves as an inspiration to founders, investors, and dreamers across the continent. It’s a reminder that with determination, innovation, and the right support, African startups can achieve extraordinary things.
To the founders of Hisa, the team at Rise, and everyone who believed in their vision: congratulations on this incredible achievement. And to the broader African startup ecosystem, let this moment fuel your ambition to dream bigger and execute with purpose.
