One of the co-founders behind the investment startup – Hisa Inc. – Eric Asuma, has stepped down from his position as CEO. According to reports, Asuma who is still one of the primary shareholders of the Hisa Technologies, will now shift his focus to a new venture which he co-founded.

“After much contemplation and reflection, I recently decided to step down from my role as CEO of Hisa Inc, effective immediately. While I have been actively involved in building and leading the company since its inception, I strongly believe that a change in leadership is necessary to ensure its continued success,” Asuma said.

While stepping away from day-to-day operations, Asuma has expressed his commitment to continue assisting the company by offering strategic guidance and support.

“I will continue to support the company whenever required, but I have taken a back seat from the day-to-day operations,” he added.

According to an exclusive report by Techcabal, Asuma has now moved on to a new venture which he co-founded, in partnership with the online financial news publisher, the Kenyan Wall Street.

“Drawing insights from my experiences at Kenyan Wall Street, I have been assembling a formidable team in the last few months to establish a new venture with the ambition to become the foremost distributor of financial data and a premier news source for Africa’s financial services community,” Asuma said.

In the meantime, Eric Jackson has been selected to take up the role of CEO at Hisa. “In order to ensure a seamless transition and effective management, we have chosen Eric Jackson as the new CEO of Hisa Inc. Eric possesses the essential skills and experience to steer the company toward even greater accomplishments,” Asuma conveyed in a statement.

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About Hisa

Hisa’s mission is to democratize the African retail investment sector, making it accessible to individuals from all walks of life. Following a ten-month beta phase, the company officially launched towards the close of 2022. Subsequently, it gained regulatory approval from both the Capital Markets Authority of Kenya (CMA) and the Nairobi Securities Exchange (NSE). The company has also secured regulatory endorsements in partnership with Faida Investment Bank.

Since its inception, Hisa has managed to secure approximately $200,000 in funding. The startup received an undisclosed sum in seed funding from both Startup Wise Guys and Startup Wise Guys SaaS Milan. At its zenith, the company’s valuation soared to around $5 million.