Hisa founder, Eric Jackson steps down as CTO, turns attention to sports infrastructure project
Eric Jackson steps down as CTO of Hisa after Risevest acquisition. Hisa secured regulatory approvals from the Capital Markets Authority of Kenya and the Nairobi Securities Exchange.
Nigeria’s Wealthtech Startups Scramble To Survive As Wealth Grows Scarce
Inflation in Nigeria rose from 25.08% in 2023 to 32.15% in 2024. 37% of Nigerians earn below NGN 100 K (~USD 60.00) monthly.
Traction Apps all-stock acquisition adds to string of investor-led deals creating quick wins
OmniRetail acquires Traction Apps in an all-stock deal. The acquisition is part of a trend of VCs consolidating startups for better returns.
The big moves African startups are making
Moove expands into the U.S. market, recruiting key positions in Los Angeles and California. Moove raises $100 million in funding from Uber and other investors.
Nigerian fintech Risevest enters Kenya, finalises acquisition of Hisa
Risevest acquires Hisa, a Kenyan investment startup. Acquisition approved by Kenya's Capital Markets Authority.
